COLUMBIA, MD (September 12, 2024) — Ribbon, an inheritance platform designed for credit unions, took home the top prize at the MD|DC Credit Union Association’s fourth annual FinTank competition. The 2024 winner was chosen on the second day of the Association’s Tech Summit, where six fintech companies presented innovative solutions to address the most pressing challenges facing credit unions. Ribbon was selected by summit attendees through a live online vote.
“We are thrilled to be the winner of the MD|DC Credit Union Association’s 2024 FinTank competition,” said Saeid Kian, CEO & Co-Founder of Ribbon. “The honor and recognition belong to our team and credit union partners that have been instrumental in inspiring a product that turns the current lose-lose of inheritance to a win-win. We’re committed to making the grieving process more thoughtful for families, while empowering credit unions to participate in The Great Wealth Transfer.”
Ribbon is focused on revolutionizing inheritance processes for credit unions. Its platform makes it simple for credit unions to retain deposits and acquire new members by providing a seamless inheritance experience while reducing operational burdens. Ribbon’s system helps credit unions prioritize inheritors to retain and decreases the risk of wrongful transfer of assets litigation.
According to CEO Kian, while larger institutions have invested years and millions of dollars into building digital inheritance centers, Ribbon’s solution allows credit unions to launch similar capabilities without the same extensive resources.
“Congratulations to all of our competitors,” said John Bratsakis, President and CEO of the MD|DC Credit Union Association. “FinTank is a great opportunity to engage directly with fintechs developing solutions tailored to address the specific needs of credit unions.”
In addition to Ribbon, the competition included fintechs Aviary AI, Chimney, Constant AI, Digital Storefront, and Earn Up.
Ribbon CEO & Co-Founder Saeid Kian accepts the 2024 FinTank Award from MD|DC Credit Union Association CEO John Bratsakis. Photo credit: Jason Putsché Photography
MD|DC Credit Union Association is the regional trade association for credit unions in the state of Maryland and the District of Columbia that serve more than 2.2 million member-owners. Credit unions are not-for profit financial cooperatives that are locally controlled and owned by the people they serve. For more information, visit mddccua.org.
John Coleman
jcoleman@mddccua.org
