SOURCE: BancVue

BancVue

October 20, 2009 18:00 ET

BancVue's Kasasa Scores Best of Show at Finovate 2009

Win Lands BancVue "Best of Show" Second Year in a Row

AUSTIN, TX--(Marketwire - October 20, 2009) - BancVue, the leading provider of innovative products, dynamic marketing, and data-driven consulting solutions to community financial institutions, announced today that the company has been awarded "Best of Show" at Finovate 2009, for the launch of Kasasa -- a national brand of superior products that gives community banks and credit unions the marketing scale they need to compete with the megabanks. This honor comes a year after BancVue received "Best of Show" at Finovate Startup 2008 for CheckingFinder.com. The selection was made by the 400-plus bankers, press members, technology executives, and analysts in attendance.

"It is pretty significant and tremendously gratifying to be selected the Best of Show, particularly since it is voted on by our peers and colleagues in the industry," says Gabe Krajicek, CEO of BancVue. "Being recognized two years running is particularly rewarding, and confirmation that the innovations we are bringing to community financial institutions are meaningful and impactful. Kasasa is certainly one of those innovations."

Kasasa, piloted earlier this year in six markets, is designed to unite community financial institutions around a powerful brand of products that will awaken the disengaged banking consumer by delivering what research shows consumers want but believe they can't get -- innovative products and exceptional customer service. Kasasa offers superior checking and savings accounts that give consumers incentives that matter to them, from massive interest rates to iTunes to charitable giving.

In just the first two months of offering Kasasa, participating community financial institutions reported growth rates upwards of 150% on new accounts and 372% on deposits at those institutions that were focused on deposit growth. Currently, the company is expecting more than 100 additional community financial institutions to launch at the beginning of 2010 with more signing up daily.

The Finovate recognition is just one of the awards lining BancVue's 2009 trophy shelf. BancVue was ranked the second fastest-growing financial services firm in Inc. Magazine's 28th Annual List of America's Fastest-Growing Private Companies -- the Inc. 500. Serving over 600 community banks and credit unions nationwide, BancVue saw its revenues jump 4,645.5% to nearly $22 million in 2008 from $460 thousand in 2005. Additionally, Fast Company in its October issue recognized BancVue's Kasasa as one of the eight most promising companies involved in the reinvention of the financial industry.

"The recognition we have received this year, as well as our exponential growth, confirms the overwhelming demand among community financial intuitions for a partner in innovation to wage war on their biggest competition -- the 'too big to fail' megabanks and direct banks," continued Krajicek. "Like our other products and services, Kasasa is simply a win, win. Kasasa gives community institutions the scale they need to offer superior products and consumers a reason to believe they can get what they want."

About BancVue

BancVue is the leading provider of innovative products, marketing, and consulting solutions to community financial institutions nationwide. Serving over 600 community banks and credit unions around the country, BancVue's solutions allow these institutions to compete and win in the war against the megabanks and direct banks. Community financial institutions benefit from the development and implementation of BancVue's innovative products, including Kasasa, a national brand of superior products that gives community financial institutions the marketing scale they need to compete with the megabanks, and REALChecking®, a system of innovative products, superior marketing, and data-driven consulting. For more information on BancVue, visit www.bancvue.com.