Bank Midwest Launches Tailored to the Healthcare Sector

Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota and South Dakota, has launched, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare community. The move expands Bank Midwest’s collaboration with the financial software provider, utilizing its Phoenix core solution and digital banking to go to market quickly and efficiently.

“When we made the decision to launch, we turned to our partners at Finastra, leveraging their agile solutions and partner ecosystem to build a digital bank specifically tailored to healthcare professionals,” Bryan Wilken, chief information operations officer at Bank Midwest, said. “We offer a personalized, tailored, and consistent customer experience, and we know that our loyal customers expect the latest products and services. With Finastra’s platform, commitment to open finance, and expertise, we can deliver on this promise quickly and efficiently, allowing us to deliver innovative solutions and exceed customer expectations.”

“Digital transformation is at the foundation of our strategy of improving the convenience and efficiency of our delivery, allowing us to continue our focus on new and innovative products and services healthcare professionals need to thrive in this ever-changing marketplace,” Scott Stewart, president of OnePlace Capital, said.

“We are delighted to support Bank Midwest in its innovative vision to create a digital bank that caters to the healthcare sector. By going live with our core and digital banking solutions, offers a seamless and personalized banking experience, while also benefiting from the scalability, security and agility of the cloud,” Peter Longo, vice president, product management at Finastra, said. “This is a prime example of how open finance can help more people and businesses access the banking services they need to prosper. Finastra’s open and collaborative solutions enable our customers to quickly create innovative programs and brand extensions that not just meet, but exceed the needs of the communities they serve.”

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