Monit, provider of an award-winning cash flow analysis, forecasting and guidance platform, announced today its selection to the Independent Community Bankers of America’s (ICBA) ThinkTECH Accelerator program, which kicks off January 8, 2024, in Atlanta.

The sixth cohort selected for ICBA’s ThinkTECH Accelerator program was handpicked for its community bank-focused offerings primed to support several critical community bank needs, including analytics, automation, and compliance. This is the first of two planned accelerator programs for 2024 as part of ICBA’s shift to year-round programing and increased investment in ThinkTECH initiatives to support continuous development and advancement of community bank innovation.

“Monit is an emerging presence in the global financial services market, and we are thrilled to participate in the ICBA ThinkTECH accelerator, a source of vital community banking innovation since 2019,” said Monit Founder and CEO Stephen Dow. “Monit helps today’s community bankers meet the evolving needs of their business clients, allowing them to provide powerful embedded tools and analytics these vital customers need to stay competitive and thrive.”

Providing embedded “digital CFO” tools and enhanced analytics and targeting capabilities for bankers and marketing teams, Monit’s two-sided platform   includes highly desirable SMB features, including cashflow forecasting, industry benchmarking, business valuation, as well as data-driven tools and insights for bankers.

Since its inception, the ICBA ThinkTECH Accelerator has connected the most innovative fintech companies with more than 1,400 community bankers and industry leaders — identifying and designing workable solutions that solve for today’s modern banking needs. Participants receive mentorship from a distinguished network of industry stakeholders through an immersive 10-week bootcamp and present their refined offerings to community bank executives during a demo at ICBA LIVE 2024 in Orlando.

“We are very pleased to have Monit join us as a member of our latest ThinkTECH accelerator cohort,” ICBA Executive Vice President and Chief Innovation Officer Charles Potts said. “As small businesses themselves, today’s community banks understand firsthand the value of better data and the analytics to leverage it properly, and they want to provide their business customers with those same powerful capabilities to thrive and succeed.”

For more information about Monit, visit www.monitapp.io. For more about the ICBA ThinkTECH Accelerator, visit www.icba.org/accelerator.

About ICBA

The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit,  America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For   more information, visit ICBA’s website at icba.org.