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FI.SPAN to Partner with JP Morgan Chase

Just days after announcing a new round of funding, Canadian fintech FI.SPAN is set to team up with up with JP Morgan Chase to help the bank develop pilot programs for the corporate treasurers of Chase’s business banking customers. The reporting, from The Globe and Mail, notes that the partnership with JP Morgan Chase is one of the four partnerships FI.SPAN has secured with a top 20 U.S. commercial bank.

“It’s an opportunity to make fintech a service,” FI.SPAN CEO Lisa Shields explained to The Globe and Mail, “where banks can make use of innovative solutions that fintech’s provide (while still retaining the customer).”

FI.SPAN is a cloud-based bank API services platform that leverages APIs to enable banks to offer a wide variety of new business banking products and services to their business customers. The company offers curated and pre-integrated third party fintech solutions that banks can use independently or integrated with their own technology. At FinovateFall 2018, the company demonstrated its ERP Connectivity Suite which helps facilitate the migration of payment and cash management processes into accounting applications.

Founded in 2016 and headquartered in Vancouver, British Columbia, Canada, FI.SPAN has raised a total of $6 million in capital. The company’s investors include BDC Capital Corporation, FINTOP Capital, Panache Ventures, and VFF.