The American Fintech Council (AFC) has announced the addition of Republic Bank of Chicago as its newest member. Founded in 1964, Republic Bank is a family-owned institution that serves Chicago communities and businesses with personalized financial solutions. The bank offers a suite of innovative fintech products, allowing customers to access advanced technology through a reliable community banking partner.
“We are excited to welcome Republic Bank of Chicago to AFC and bring their history and passion for serving Chicago communities to our collective effort,” said Phil Goldfeder, Chief Executive Officer of AFC. “With a range of services bringing transformative financial technologies to businesses and consumers in Chicago and beyond, Republic Bank is a leader in community banking.”
Republic Bank of Chicago partners with some of the country's largest companies, including Fortune 500 enterprises, national retailers, and nationwide auto insurers. In 2023 alone, it processed over $13 billion in payment volume across 18 million transactions. For six decades, the bank has been committed to supporting clients' financial success within the Chicago community and beyond.
“We are thrilled to join AFC as part of our commitment to driving innovation for our community,” said Republic Bank CEO Tom Bugielski. “Republic Bank is dedicated to enhancing our fintech offerings and providing customers access to the latest solutions across payments, prepaid cards, lending, and transactional services. This partnership gives us a seat at the table among other national leaders in technology and innovation.”
The AFC represents major financial technology companies and innovative banks focused on promoting a transparent, inclusive, and customer-centric financial system through responsible innovation. Its members work towards fostering competition in consumer finance while developing products aimed at better serving underserved segments.
Republic Bank has been dedicated to serving its local communities since its inception in 1964. The bank's focus on client success through exceptional service and innovative solutions has enabled both its clients and itself to thrive.