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Coastal Community Bank Collaborates with Google To Offer Customers Digital Bank Accounts

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Coastal Community Bank has announced a partnership with Google to launch digital bank accounts through Google Pay in 2021. This initiative aims to enhance customer experience by utilizing Coastal Community Bank's banking infrastructure and regulatory expertise alongside Google's advanced user experience and financial insights. The collaboration is designed to provide customers with powerful financial tools, making it easier for them to manage their finances efficiently. Google emphasized its commitment to creating a digital banking experience that meets the needs of a new generation of customers.

Positive
  • Partnership with Google to enhance digital banking experience.
  • Introduction of digital bank accounts through Google Pay in 2021.
  • Combines Coastal Community Bank's regulatory expertise with Google's user experience.
Negative
  • None.

EVERETT, Wash., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Even before branch lobbies were temporarily closed in 2020, banking has been evolving as our clients engage with their finances from the palm of their hand. In order to provide the enhanced user experience our customers need and expect, Coastal Community Bank today announced that it is working with Google to introduce digital bank accounts, which will be available to its customers through Google Pay in 2021.

Coastal Community Bank and Google will bring the best of our respective strengths together to benefit our customers with powerful financial tools. Coastal Community Bank will build the digital checking account on our existing banking infrastructure using our trusted financial and regulatory expertise.  Google will provide front-end, intuitive user experiences and financial insights based on their experience in building great user experiences and highly scaled and secure infrastructure. These digital accounts will enable Coastal Community Bank to better serve its expanding footprint with helpful products that enable customers to easily manage their finances.

"Google is excited to partner with Coastal Community Bank in enabling a digital experience that is equitable for all and meets the evolving needs of a new generation of customers," said Felix Lin, vice president of Payments Ecosystems at Google.  "We believe that we can use our technology expertise to benefit users, banks and the entire financial ecosystem."

Contact: 
Eric Sprink
President and CEO
425.357.3659

FAQ

What partnership did Coastal Community Bank announce in August 2020?

Coastal Community Bank announced a partnership with Google to introduce digital bank accounts through Google Pay in 2021.

When will Coastal Community Bank's digital accounts be available?

The digital bank accounts will be available in 2021.

What are the benefits of the partnership between Coastal Community Bank and Google?

The partnership aims to enhance user experience and provide powerful financial tools to better serve customers.

How will the digital bank accounts be built?

The digital bank accounts will be built on Coastal Community Bank's existing banking infrastructure.

Who is the contact person for more information about Coastal Community Bank's partnership with Google?

Eric Sprink, President and CEO, is the contact person for more information.

Coastal Financial Corporation

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EVERETT