Bank of Utah Fintech Strategy

Partnerships Designed for Purpose and Progress

Business growth isn’t a straight path — especially as technology opens new doors and reshapes what’s possible. At Bank of Utah, we’re exploring partnerships as a fresh opportunity to create value and expand what we can offer. This is newer ground for us, and we’re taking a thoughtful, intentional approach — looking for partners who share our commitment to building something meaningful and lasting.

As we begin our fintech partner program, we are looking for companies that embody the following:


Industry Expertise for Proven Success

We prioritize companies with demonstrated industry experience and strong visionary leadership, ensuring collaborative, future-focused growth.


Exemplary Compliance Practices

Our partners uphold the highest standards in compliance personnel and systems, reinforcing our shared commitment to responsible business practices and customer protection.


Advanced Information Security Protocols

Data and transaction security is vital. We align with companies that enforce rigorous information security programs, reinforcing our commitment to safeguarding operations and minimizing risks.


Alignment with Our Values and Strategy

We collaborate with partners whose products or services complement the Bank’s core values and strategic goals, fostering innovative solutions, enhanced customer experiences and shared success.


Financial and Compliance Transparency

We require well-defined financial operations that can be easily assessed for financial and compliance risks, allowing us to manage operational integrity while maintaining high transparency standards.


Emphasis on Domestic and Non-Crypto Solutions

Our partnerships focus on domestic products and services, excluding crypto-related offerings, ensuring compliance with our regulatory framework and risk management strategies.


Purpose-Driven Collaboration

We seek partnerships that address genuine customer needs, avoiding BaaS platforms designed solely for pass-through services and instead focus on building purposeful, direct relationships that drive growth.


Financial Risk Mitigation

Strong financial safeguards are essential. We require adequate reserves to cover financial contingencies, ensuring stability and providing both parties peace of mind for long-term growth.


 

Start the Conversation



We know the best partnerships are built over time. Through collaboration and trust, we can create something truly impactful — something that benefits both our businesses and the clients we serve.

Let’s connect and see how we can grow together. Complete the inquiry form, and one of our fintech team members will be in touch.