SOURCE: Canopy Financial

November 18, 2008 08:30 ET

Canopy Financial Named One of the Banking Industry's Top Innovators for 2008

Healthcare Banking Technology Innovation Continues to Drive CDH Revolution in Healthcare

SAN FRANCISCO, CA--(Marketwire - November 18, 2008) - Canopy Financial, a pioneer in innovative healthcare banking technology solutions that connect healthcare and financial services, announced today the company has been named by Bank Technology News (BTN) as one of The Innovators for 2008 -- BTN's annual ranking of the 25 most advanced people, companies and technologies. Canopy's industry leading consumer directed healthcare (CDH) account administration and management technology platform -- HealthDirect® -- powers the Health Savings Account (HSA) programs of several of the largest financial institutions in America.

"The selection of Canopy Financial as one of the industry's top companies reflects its outstanding commitment to innovation and customer service, which has redefined what's possible through the use of technology in financial services," said Holly Sraeel, Editorial Director of Bank Technology News. "Such progressive thinking is giving customers unprecedented control of how, when and where financial business is conducted, in turn, creating more demand for better, faster, cheaper solutions."

"We are extremely pleased to have been selected as one of The Innovators for 2008, identifying Canopy as one of the company's redefining what is possible through the use of technology in financial services," said Vik Kashyap, CEO of Canopy. "Many of our clients, along with others in the financial services industry, recognize CDH as a critical new growth area, yet also realize it is far more cost-effective to outsource the technology platform needed to manage these nontraditional banking accounts/services from a proven partner such as Canopy. As the market leader in offering healthcare banking technology to the financial services industry, Canopy believes that technology innovation will continue to drive the CDH revolution currently occurring in healthcare today."

To read the profile on Canopy Financial and to view the entire Innovators list, please visit www.banktechnews.com.

About Canopy Financial

Canopy Financial provides innovative technology solutions that connect healthcare and financial services. Serving some of the world's largest healthcare and financial institutions, Canopy powers the development and delivery of complete healthcare banking services for both consumers and businesses. Founded in 2004, Canopy maintains offices in San Francisco, CA, Chicago, IL, and Plainsboro, NJ. For more information, please visit our web site at www.canopyfi.com or call 1-866-960-4700.

Contact Information