Fintech provider of dispute process
automation grew revenue and client base in 1Q2024
HOUSTON, April 30,
2024 /PRNewswire/ -- FINBOA Inc., a leading innovator
in intelligent process automation for regulatory compliance in
financial institutions, reported substantial gains in new client
acquisitions and revenue in the first quarter of 2024. FINBOA
reported a 43% gain in new customer acquisition in 1Q2024, and
exceeded the 200 customer mark. In 1Q2024, FINBOA revenues
increased by 73% over 1Q2023 performance. Acknowledging the
transformative value of FINBOA's Payment Disputes software, the
2024 Banking Tech Awards USA named FINBOA a finalist in the
category of Best as-a-Service Solution for Payments. To
round out the quarter, FINBOA announced a new partnership with MEA
Financial to offer integrated dispute intake and automated
compliance processing for MEA customers.
"During the first quarter of 2024 FINBOA was intently focused on
the customer experience, hosting a well-attended annual user
summit, and expanding our client portal to provide easy access to
information and support resources for our Payment Disputes solution
users," said Raj Singal, CEO of FINBOA. "The results are a
testament to FINBOA's determination to offer a best-in-class
process automation solution for compliance-based payment dispute
processing."
FINBOA offers compliance process automation that transforms
back-office processing and customer experience for financial
institutions. FINBOA's Payment Disputes SaaS solution helps to
reduce compliance costs and risk for institutions with assets
ranging from hundreds of millions to tens of billions.
About FINBOA
FINBOA provides intelligent process automation software to banks
and credit unions to simplify dispute processing and improve
regulatory compliance by eliminating manual systems. Leveraging
extensive industry experience and a commitment to customer
experience, FINBOA delivers transformative software proven to
enable institutional growth by reducing operational costs and
risk.
Headquartered in Houston,
FINBOA is trusted to help over 200 financial institutions
nationwide achieve targeted business outcomes and peace of
mind.
Learn more at www.finboa.com or follow us on LinkedIn, Facebook
and Twitter.
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SOURCE FINBOA