Somerset Trust Establishes National Fintech Day

Somerset
Trust Company, an independent community bank with more than $1
billion in assets, today announced it is establishing the inaugural “National
Fintech Day,” on Aug. 20, 2018. Together with the bank’s long-time
digital banking partner, Malauzai
– a Finastra company, and others, the celebration recognizes the
continued collaboration between financial institutions and technology
providers to launch innovative services and solutions that meet the
shifting demands of today’s customer, while developing solutions for the
next-generation of account holders.

“Fintech is critical to the future of banking,” said John Gill, chief
operating officer for Somerset Trust Company. “The use of smartphones
for mobile banking, investing services and cryptocurrency are current
examples of technologies aiming to make financial services more
accessible to the general public. In an ever-changing world
collaboration between banks and financial technology companies is
becoming increasingly important. As a financial institution we partner
with numerous Fintech companies to provide outstanding and innovative
products and services to our customers. We are proud to designate August
20th as National Fintech Day to celebrate these partnerships
and the innovative products that have resulted from them.”

In honor of the first ever National
Fintech Day, Somerset Trust Company will be hosting a technology
fair at its headquarters in Somerset, Pa. Technology providers will be
on-site showcasing the latest innovations and will be available to
answer questions or address concerns consumers may have regarding the
future of fintech. The community is invited to attend this
family-friendly outdoor event featuring a variety of activities
including demonstrations from local robotics teams, a magic mirror
interactive selfie experience, a virtual roller coaster, delicious food,
drinks and more.

Over the last decade, Somerset Trust Company has broadened and
strengthened its community bank franchise. While engaged in expansion
activity within its geographic footprint, the bank has a firm commitment
to the communities it serves and has effectively used technology to
better serve customers.

About Somerset Trust Company

Somerset Trust Company, with more than $1 billion in assets, is a
community bank headquartered in Somerset, Pa. with a network of 34
branches serving Somerset, Cambria, Fayette, Westmoreland, and Bedford
Counties and Garrett County, Maryland. The bank also offers an extensive
ATM network, consumer and commercial lending services, an online and
mobile banking platform as well as Trust and Investment Management
services. Since 1889, Somerset Trust has been committed to providing
excellent service and competitive products as well as maintaining a high
profile in the growth and economic development of the markets it serves.

About Malauzai Software

Malauzai – a Finastra
company, was incorporated in 2010 in Austin, Texas, in response to the
growing demand for innovative mobile technology solutions for community
financial organizations across the US. As a cool company in a cool town
with a focus primarily on community banks and credit unions, we provide
consumer, small and larger business, and employee SmartApps™,
that enhance the customer experience for mobile and Internet banking,
ultimately resulting in increased value for financial institutions.
Malauzai was acquired by Finastra, a global financial technology
company, in June 2018. Together we deliver a fully integrated open core
platform for payments, lending and digital. Please visit Maluazai.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005711/en/

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