PR Newswire
The creation of the FinTech Fund is another milestone in BDC’s continued global expansion. The fund reflects the firm’s unique approach by creating an unmatched platform that will enable members of the credit union industry to identify and leverage new technologies. It aims to rekindle the industry-wide innovation which CUSOs brought to the credit union movement by providing credit unions with a new approach that leans into disruptive technologies.
Leading this innovative fund are two prominent names in the credit union and technology industries: Louis Hernandez, Jr. and Benson Porter. Both have led successful organizations at the forefront of innovative solutions for credit unions and their members. Hernandez and Porter also have a long-standing professional friendship of over two decades which has resulted in multiple successful projects, including Open Solutions and the First Tech and BECU organizations. Therefore, this new fund will be built on their proven record of success.
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“Benson and I have spent most of our careers fighting for and participating in the credit union movement. We feel this operational approach to investing, combined with the social impact will make the credit union movement more competitive and provide the communities they serve with higher returns and economic stability. I couldn’t be more excited about the project and partnering with Benson!” said Louis Hernandez, Jr. Founder of Black Dragon, and Co-Chair of the Fintech Fund.
“While coming from different parts of the industry, we are aligned in our goal to see credit unions succeed in the face of rapid changing technology and consumer experiences,” said Porter, Co-Chair of the FinTech Fund.
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