First Internet Bank received the Tech-Enabled Company of the Year Award during TechPoint’s 17th annual Mira Awards honoring the best of tech in Indiana.
From its headquarters in Central Indiana, First Internet Bank has stood at the forefront of a worldwide revolution to change the face of banking. Using technology to modernize the delivery channel of an industry deeply rooted in tradition, First Internet Bank has put convenience, control, and more than a few pennies back in the hands of the consumer.
The Mira Awards judges believe First Internet Bank is an excellent case study of how a company can re-engineer its delivery channels with technology to provide convenience, access, and a higher quality of service. While many banks layer online services atop their traditional branch network, First Internet Bank was built from the start to serve customers in the digital economy, and it continues to delight them with customer-centric digital banking solutions. (Recent examples: the bank pioneered two biometric authentication technologies to help customers access their accounts more securely and quickly from a mobile device.)
First Internet Bank understands its customers’ needs for anywhere, anytime access. By enabling convenience, the bank receives tremendous loyalty in return from its customers. First Internet Bank has grown its loan relationships by 206 percent over the past five years, while banks of similar size average 22 percent growth.
Along the way, First Internet Bank has grown steadily, attracted a team of experienced leaders to enhance the bank’s capabilities, and provided an excellent rate of return to the investors who, along with David Becker, saw into the future. By the end of 2015, First Internet Bank had amassed over $1.2 billion in assets, with depositors and borrowers across the country, without an expensive branch network.
TechPoint, the growth initiative for Indiana’s tech ecosystem, honored Indiana’s best companies, entrepreneurs, educators, and other leaders for their technology excellence and innovation at The Westin in downtown Indianapolis during the 17th annual Mira Awards gala presented by Angie’s List, Interactive Intelligence, and Salesforce.
A total of 17 award winners and seven runners-up were chosen from the 98 outstanding companies, organizations, and individuals who were selected as nominees this year out of the 168 applications received highlighting achievements during the 2015 calendar year.
Forty independent, volunteer judges spent more than 700 total hours reviewing and ranking applications, interviewing nominees, and selecting this year’s winners. Judges included company founders, CEOs and presidents; CTOs, CIOs and software developers; professors and chancellors from Indiana universities; design, human resources and sales professionals, and a variety of other subject matter experts.
The Mira Awards — named after a variable star thousands of times brighter than the Earth’s sun — represent the best of tech in Indiana each year.