President | Co-Founder | Director
Current
Little Rock, Arkansas, Us
BankLabs vision is to find like-minded partners to reimagine the banking products of the future. Products that digitize lending, create new fee income, attract deposits, generate loan volume and differentiate the financial institution. In 2022 Abrigo/Carlyle/Accel-KKR acquired Construct +Pay to take it to new heights. Participate is next...then what?We believe in the world-wide value of community banking, which is not a size, a location or a historical definition but a way of doing business. Leveraging in-market relationship based bankers and modern mobile technologies to improve the economy and communities in which the financial institution works. We Believe...- Community banking is a fundamental building block of America’s economy;- Community banking is not about a size, it is about a way of doing business;- Community banker’s competitive advantage is delivered through personal relationships, physical presence, and timely and effective decisions;- Time spent maintaining traditional, cumbersome banking processes increases risk, diminishes efficiency, and is a misuse of valuable time that could otherwise be spent developing personal relationships vital to the bank.- Web-based, real time, mobile-capable tools that support community bankers, at the banker’s hand at all times and places, are absolutely vital to your competitive advantage.- The rising wave of challenges from out of market banks, non-bank entities, and regulatory compliance are existential competitive threats. Traditional technology has lagged far behind these threats. Bank Labs gives community bankers the tools to compete and win in today’s – and tomorrow’s – world. Our Products...1. Construct - #1 construction loan automation tool in the country (Exited - Abrigo)2. +Pay - construction payment stream automation for builders, general contractors or institutions that pay subs. (Exited - Abrigo)3. Participate - automated loan participation tool (Newco)4. More in the pipe...