2021 Impact Innovation Award in Cash Management and Payments: Eastern Bank

Report Summary

2021 Impact Innovation Award in Cash Management and Payments: Eastern Bank

Eastern Bank is the recipient of the Impact Innovation Award for Artificial Intelligence and Advanced Analytics.

Christine Barry
Head of Banking & Payments Insights & Advisory

Boston, October 28, 2021 Eastern Bank values innovation and leverages technology to differentiate itself within the industry and better serve clients. Its Monit product offering—a platform to help small businesses predict and manage cash flow—and its ability to successfully work with external technologists to develop a problem statement into an actual product and new industry offering is the impetus for this Innovation Award.

Aite-Novarica Group’s Impact Innovation Awards are designed to recognize and celebrate innovation achieved by financial institutions leveraging technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, or levels of automation and effectiveness that are bringing our industry one step closer to next-generation banking.

Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this nine-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Eastern Bank and its partner Signal.

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