NEW YORK, August 19, 2021 – Quontic today announced that it has been selected as a winner of the 2021 FIS Impact Award.
Independently judged by leading industry analyst group Celent, the annual FIS program recognizes forward-looking organizations that make innovative use of FIS technology to enhance customer service, drive tangible business results, and advance commerce and the financial world.
Quontic, the adaptive digital bank, launched Bitcoin Rewards Checking, the first cryptocurrency rewards program checking account in the nation. Working closely with fintech innovators like FIS® (NYSE: FIS), Quontic was able to conceive, build, and go to market with Bitcoin Rewards Checking in less than 24 months. With the new rewards program, customers can earn 1.5% back in Bitcoin on eligible debit card purchases. Quontic Bitcoin Rewards Checking is the only bank and card program that offers consumers the ability to earn a novel, liquid and tangible asset that has the potential to appreciate over time.
Quontic partnered with FIS for a second project related to Bitcoin rewards Checking. FIS and Quontic have begun to build an enhanced digital experience and mobile app with robust Bitcoin rewards tracking, reporting, and functionality. Quontic and FIS pushed the industry norms to expand their portfolios and reengineer the checking account rewards experience. As industry leaders, Quontic and FIS worked together, reimagining the future of niche checking accounts, to support Quontic’s bold new offering and support their customer’s niche needs.
A $10,000 donation will be made to a charitable organization chosen by Quontic for its winning entry.
“It is an honor to have Quontic named as the winner of the Retail Banking and Credit Union category for this year’s FIS Impact awards,” said Steve Schnall, CEO & Founder of Quontic. “Being recognized by such a prestigious organization is a privilege and we are proud to be amongst this distinguished group of innovators.”
“Congratulations to Quontic for being named as a winner of this year’s Impact Awards program,” said Bruce Lowthers, President of FIS. “At FIS, we love seeing the innovative ways our technology is being applied by our clients to succeed and grow in a fast-changing marketplace. This program recognizes that spirit of innovation while also giving back to the community.”
To learn more about the FIS Impact Awards, visit https://www.fisglobal.com/impact-awards.
Quontic is the adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. Quontic’s disruptive banking platform reimagines traditional banking with adaptive lending and innovative deposit products that transcend legacy banking inequities. Quontic’s mission to break the system for financial empowerment stands in the face of big banks and proves there is a better and more equitable way to put the customer first. The bank focuses on truly understanding and serving the underdogs, entrepreneurs, gig-economy workers, immigrants, and more with a curated banking experience as opposed to a one-size-fits-all banking approach. Quontic is a privately held company based in New York, New York. Learn more at Quontic.com. Follow and connect with Quontic on LinkedIn, Facebook and Instagram.
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our employees are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).