The American Fintech Council (AFC) announced the addition of New Horizon Bank as its newest member. The AFC, an industry association representing responsible fintech companies and innovative banks, highlighted New Horizon's alignment with its focus on consumer-centric finance and innovation.
“New Horizon Bank is a community leader and a true 21st-Century bank, founded to serve businesses and consumers while remaining focused on technology and innovation,” said Phil Goldfeder, Chief Executive Officer of AFC. “AFC is proud to welcome New Horizon Bank, and we are excited to bring their perspective into our work as we ensure the financial services landscape allows responsible innovative community participants to thrive.”
Founded with a commitment to community prosperity, New Horizon Bank has continually adapted its product offerings to meet the needs of its members in an increasingly connected world. The bank aims to anticipate community needs while maintaining strong personal service alongside advancing technological offerings.
“At New Horizon Bank, we believe in combining the strength of traditional banking with the innovation of fintech to meet the evolving needs of people and businesses in our community and beyond,” said William J. Groves II, President of New Horizon Bank. “This partnership allows us to collaborate with AFC to help shape the future of our financial system and ensure we can continue to serve customers with the latest fintech solutions.”
A standards-based organization, AFC represents some of the largest financial technology companies and innovative BaaS banks. Its mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products aimed at better serving underserved consumer segments.
About New Horizon Bank
New Horizon is described as a dynamic financial institution committed to redefining banking relationships through curiosity, creativity, and dedication to innovation. The team focuses on enhancing services by developing innovative financial products and implementing cutting-edge technologies tailored for today's integrated world.