ZEscrow Development Group Named as a Finalist for Banking Tech Awards USA

ZSuite Technologies’ work with five community financial institutions shortlisted for Best FinTech Partnership

The ZEscrow Development Group, consisting of Haven Savings Bank, Bank of New Hampshire, Kearny Bank, Leader Bank and Patriot Bank, has been selected as a finalist in the Best FinTech Partnership category of the 2022 Banking Tech Awards USA program. These banks partnered with ZSuite Technologies, a financial technology company shaped by its bank-born history, to create the only completely digital commercial escrow and subaccounting system, ZEscrow.

The five banks and fintech worked together in response to their need to digitize conventional commercial escrow and subaccounting processes that are labor- and resource-intensive for those involved. As a result, ZEscrow, a responsive web app for digital commercial escrow and subaccounting, was built with financial institutions in mind to solve for their specific pain points. It greatly streamlines the digital escrow process for financial institutions’ clients with automated e-statements, easy subaccount creation, seamless regulatory compliance, precise interest splitting control, approval workflows and a 24/7 online platform that can be operated remotely.

The winners will be announced on May 19, 2022. To view a full list of all finalists, click here.