Redwood Capital Bank Selects Apiture Digital Banking Platform

Redwood Capital Bank selected the Apiture Digital Banking Platform to overhaul its digital banking capabilities in January 2024. Apiture, a digital banking provider serving community banks and credit unions, will deliver its platform to power Redwood Capital Bank's online and mobile banking channels. The partnership enables Redwood Capital Bank to provide customers with modernized digital tools and a more seamless banking experience.

Apiture's platform includes integrations with fintech partners, expanding the range of services available to the community bank's customers. The deal reflects ongoing demand among community banks for technology partners that can help them compete with larger institutions on digital experience. Financial terms of the arrangement were not disclosed.