EDMONTON, Nov. 8, 2019 /PRNewswire/ - ATB Financial is
proud to announce its acquisition of the technology assets of Grow
Technologies Inc. to bring a new, enhanced digital experience to
our customers.
Through conversations with our customers, ATB heard their need
for convenient online tools that operate seamlessly so they can
quickly open accounts and request loans. With ATB's acquisition of
Grow, customers will soon have access to an easy-to-use and
time-saving digital platform that will significantly improve their
banking experience.
Grow is a leading enterprise fintech company that is known for
delivering exceptional, AI-powered customer experiences with
hyper-personalized financial insights. The assets acquired include
Grow's digital account and loan origination platform, FinSnap
financial insights technology, and other proprietary digital
banking technology solutions.
"For over 81 years, ATB Financial has offered the best financial
advice, banking solutions and services for Albertans," said
Curtis Stange, President and CEO of
ATB Financial. "With the Grow assets and team, we are strengthening
that position by accelerating our digital experience for our
customers. This acquisition is part of our strategy of putting
customers first while driving growth to support Alberta's economy."
"The entire Grow team is proud to serve ATB's customers and
provide them with an outstanding digital experience," said
Kevin Sandhu, founder and CEO of
Grow. "We're also excited to be joining ATB—a strong, values-driven
financial organization that is recognized as one of Canada's top places to work and one of
Alberta's most-loved brands."
The majority of Grow's team members, including Kevin, will
transition to the ATB team. ATB customers will begin to experience
these new digital services within the next few months.
Deloitte Corporate Finance Inc. acted as exclusive financial
advisor to ATB on this transaction.
For more information or interview requests, please
contact:
Karin Põldaas
Communications Director
ATB Financial
403-660-5296
kpoldaas@atb.com
About ATB Financial
With $54.2
billion in assets, ATB Financial is an Alberta-built financial institution. But don't
let that fool you—we're so much more than a bank. We got started in
1938 to help Albertans through tough economic times, and today we
have 174 branches, 141 agencies, a Client Care Centre, four
entrepreneur centres, and mobile and online banking. And did you
know we're fast becoming the digital bank and the
bank for entrepreneurs? We're already the place to work for
our more than 5,500 team members who love to serve our 770,000-plus
customers in 247 Alberta communities. To find out more, visit us
at atb.com.
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SOURCE ATB Financial