Republic Bank of Chicago Joins American Fintech Council (AFC)

The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Republic Bank of Chicago as its newest member. As a family-owned bank founded in 1964, Republic serves Chicago communities and businesses with personalized solutions that meet unique local needs. Through a growing suite of innovative fintech products, Republic Bank of Chicago enables customers to access leading technology through a reliable community banking partner.

“We are excited to welcome Republic Bank of Chicago to AFC and bring their history and passion for serving Chicago communities to our collective effort,” said Phil Goldfeder, Chief Executive Officer of AFC. “With a range of services bringing transformative financial technologies to businesses and consumers in Chicago and beyond, Republic Bank is a leader in community banking.”

Republic Bank of Chicago is the payments and fintech partner for some of the country’s largest and most successful companies, including Fortune 500 enterprises, national retailers, and nationwide auto insurers. In 2023, it processed over $13 billion in payment volume and 18 million transactions. For 60 years, Republic Bank of Chicago has been committed to clients’ financial success in the Chicago community and beyond.

“We are thrilled to join AFC as part of our commitment to driving innovation for our community,”said Republic Bank of Chicago CEO Tom Bugielski. “Republic Bank is dedicated to enhancing our fintech offerings and providing customers access to the latest solutions across payments, prepaid cards, lending, and transactional services. This partnership gives us a seat at the table among other national leaders in technology and innovation.”

A standards-based organization, AFC is the premier trade association representing the largest financial technology (Fintech) companies and innovative BaaS banks. AFC’s mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.