Battle Bank is expected to launch in the second half of this year. The bank is led by two pioneers in the direct banking industry, Frank Trotter and Vincent Amato. Both were part of the former group of founders of everBank.com, which was eventually acquired at just over $27 billion in total assets by TIAA in June 2017.

Trotter served as President of EverBank Direct, headquartered in Jacksonville, for 17 years, guiding the direct bank through nearly two decades of profitably serving its customers with a broad range of banking, global markets, and non-FDIC precious metals products. Amato, co-founding partner of everBank.com in 1998, served as Head of Banking Operations for 21 years.

Finxact, founded in 2017, has emerged in just five years as a highly disruptive force in core banking, challenging the incumbent providers with both technology and terms of service that are upending decades of business as usual.

“As an open core, Finxact is a platform for the business of banking that has empowered Battle Bank to be the author of a bespoke product ecosystem, selecting the solutions from the best-in-class providers that we believe will best serve our customers,” said Vincent Amato, COO, Battle Bank. “This level of control and agility is a competitive advantage that with Finxact we will be making part of our foundation.”

“We are honored to be selected by Battle Financial, Inc. as the core platform for Battle Bank’s product and service delivery,” said Ryan Victor, Chief Revenue Officer, Finxact. “Throughout our engagement with the bank, it was evident that Vincent and his team wanted a partner that could be flexible and agile as they evaluated prospective solutions for their ecosystem. This selection is validation that Finxact continues on the right path.”