Karan Jain
CEO, NayaOne
Dear CEO,
Community banks are the backbone of local economies, yet today they face immense pressure—navigating complex regulations, increasing competition, and managing customer expectations for digital innovation. As an association committed to advocating for your members, I’m certain you’re always looking for ways to help them stay competitive.
That’s why I’d like to introduce Compass, a free platform built to solve a critical challenge: vendor discovery and selection.
Here’s how Compass can transform the process for your association’s banks:
Vendor Complexity: Your member banks juggle hundreds of vendors, struggling to find the right fit while staying compliant. Compass simplifies this with a searchable database of 700+ vendors across 150 use cases.
Efficient Decision-Making: From core compatibility to regulatory certifications, Compass enables banks to make quick, informed decisions, saving them from time-consuming research.
Peer Insights: Banks can see what similar institutions are using, leveraging real-world feedback to guide smarter vendor choices.
Real Results: A community bank recently used Compass to simplify their digital banking transformation. In less than a week, they narrowed down to four vendors with compatible solutions that met their actual requirements. The next week? Four focused demo’s with the bank already armed with real product knowledge – no time wasted on irrelevant pitches or overpromised capabilities.
The truth is, community banks risk stagnation without a solution like Compass. Delays in vendor selection can lead to slower innovation, increased costs, and a diminished competitive edge. By offering Compass to your association’s members, you’ll help future-proof their operations and drive innovation, giving them a powerful advantage in today’s fast-moving landscape.
I’d love to discuss how Compass can be an invaluable tool for your member banks. Let’s schedule a quick call to explore this further.
Best regards,