American Banker recently announced its second annual Most Influential Women in Fintech, honoring female leaders in the fintech community who are not only driving the industry forward but also championing critical issues such as diversity, inclusion, and mentorship. This list celebrates women who are bringing groundbreaking financial technology to life, helping consumers, businesses, and financial institutions innovate for a better future.
We are thrilled to announce that Orum’s Founder & CEO, Stephany Kirkpatrick, has been named one of the 20 notable women on this prestigious list. This recognition highlights Stephany's dedication to innovation and her unwavering commitment to advancing the fintech industry.
It’s no secret that females are underrepresented in the C-suites of financial technology companies, so we’re shining a spotlight on the standout women in the sector. These are incredible leaders driving innovation and transformation, and they should be recognized for their achievements. — Penny Crosman, Executive Editor, Technology at American Banker
Orum's Innovation Over The Past Year
In October 2023, Orum introduced Verify, the first-ever product built on the Federal Reserve’s new instant payment rail, FedNow. Traditionally, businesses have used a range of antiquated solutions to verify bank accounts, including slow microdeposits, batched historical data, and the manual entry of end-user login credentials. These processes can take days, leading to millions in lost revenue.
Verify determines within 15 seconds whether a bank account is open, valid, and able to receive money before initiating payments. This capability significantly reduces operational bottlenecks, saving businesses time and resources. Additionally, Verify covers 100% of all U.S.-based consumer and business bank accounts—far more than other solutions currently available.
In February 2024, Orum took another giant leap forward by connecting directly to the Federal Reserve as a service provider, first with FedACH and then FedNow and FedWire services. This direct connection to the Federal Reserve’s payment rails is part of Orum’s new money movement API, Deliver, which orchestrates and optimizes transactions through the Federal Reserve’s payment rails on behalf of banking institutions. Deliver offers bank-rate pricing and expanded processing windows, all without costly bank integrations, reinforcing Orum’s positions as a leader in fintech and B2B payments
What This Recognition Means To Stephany Kirkpatrick and Orum
This award recognizes the mission Stephany set for Orum– to enable real-time, seamless money movement in all directions. It’s a testament to the hard work and dedication of the entire Orum team, who share this vision of revolutionizing the financial industry.
I’m thrilled to be among the 20 Most Influential Women in Fintech. As the daughter of an immigrant, I’ve dedicated my career to thinking about how to help those that have less, have more. This award recognizes the mission we’re on and the vision, resilience, and grit of Team Orum. We’re here to power a better financial system where everyone has the freedom to build to their potential and we’re just getting started. — Stephany Kirkpatrick, Orum Founder and CEO
Among the 20 honorees, one top winner will be announced at a dedicated recognition dinner at American Banker’s DIGITAL BANKING conference, which takes place June 24-25, 2024 at The Boca Raton resort in Florida.
Looking Forward: Orum's Vision for the Future of Fintech
As Orum continues to innovate, we’re excited about the future of fintech. Our upcoming projects will focus on further enhancing the speed, security, and reliability of money movement, guaranteeing that financial institutions, businesses, and consumers benefit from the latest advancements in payments technology. With Stephany’s recognition as a springboard, Orum is more committed than ever before to leading the charge in fintech innovation.
Join the Conversation
Join us on the journey, and in the comments! Follow Stephany Kirkpatrick on LinkedIn to stay updated on her latest insights and appearances for Orum. Subscribe to our newsletter to learn more about Orum’s solutions and how we’re shaping the future of fintech.