Central Bank of Kansas City & Sioux Falls' fintech

Check this out ! is this the reason why there is big buy orders !

remember this " During the quarter, Change obtained PCI DSS certification and the Company’s US
banking partner, Central Bank of Kansas City (“CBKC”) formally registered the
Company as a Mastercard payments processor "

then read this !

Central Bank of Kansas City & Sioux Falls' fintech


The state’s first fintech accelerator will kick off its inaugural 10-week program in March 2020, welcoming a group of five early-stage businesses to Sioux Falls. Falls Fintech was formed in 2019 as a subsidiary of Central Payments, the payments division of Central Bank of Kansas City. Based in Dell Rapids, Central Payments administers payment cards and fund disbursement programs.According to Falls Fintech’s co-founder and managing director, Nikkee Rhody, most fintech companies require a bank sponsor or money service business to administer their services. Central Payments acts as that sponsor for payment products or activities, both card-based and app-based.

Why a fintech accelerator?

Fintech, short for financial technology, is a rapidly growing industry, particularly in the startup space. According to Falls Fintech, there were nearly 5,880 unique fintech companies in the United States as of February 2019, with a global industry of $111 trillion dollars.

For Central Payments, the idea of forming its own fintech accelerator came about through strategic planning.

“In 2019, we started asking ourselves those hard questions of ‘who are we, what are our strengths, what opportunities do we have and what assets can we leverage?’” Rhody said.

Central Payments concluded that fintech was a natural clientele, with 10 of their current clients representing the industry.

“Central Payments is very nimble. We’re small, we’re adaptable, we move quickly, and those are strong features that are needed for serving fintechs,” Rhody said.

Looking into a fintech accelerator program was a clear next step and Central Payments hired two interns in May to conduct market research on more than 30 accelerators across the United States.

By the end of August, the Central Payments team was sold on the idea and received approval from their board to begin drafting a business plan. Rhody transitioned from her former role as the vice president of product development for Central Payments to become managing director for Falls Fintech.

https://www.argusleader.com/story/news/business-journal/2019/11/22/falls-fintech-offer-funding-help-financial-tech-firms/4273364002/