FTRANS to Present at FinovateSpring Conference

ATLANTA, May 11 /PRNewswire/ -- FTRANS, a leading provider of accounts receivable and credit management solutions, will showcase its technology platform today at FinovateSpring 2010 in San Francisco, CA. FTRANS is one of a select group of technology companies focused on the banking and financial services industry chosen to provide a detailed product demonstration to an audience of banking/finance executives and fintech industry leaders. Organized by Online Financial Innovations, Finovate events are designed to provide insight into the future of banking and financial technology.

"Being selected to present at Finovate is validation that we are providing a unique and innovative solution to help small businesses more effectively manage their accounts receivable function and increase cash-on-hand to support growth," said Dan Drechsel, CEO of FTRANS. "We look forward to participating in the event and helping to shape the direction of financial services and banking technology."

Founded in 2004, FTRANS helps businesses increase their access to capital by working with local financial institutions to outsource the tasks involved with the accounts receivable function. By outsourcing accounts receivable to FTRANS, businesses can quickly increase their cash-on-hand and have the freedom to hire additional talent and expand business operations – all while cutting cost on overhead and increasing sales opportunities. 

"The presenters for this year's FinovateSpring conference have come from one of the strongest applicant pools we've ever seen – proof that innovations in banking technology will continue to move forward despite the current economic state," said Jim Bruene, Founder of Online Financial Innovations. "This event is an opportunity for fintech companies across the country to come together and discuss the future of the banking industry and we're delighted that FTRANS can join us in that conversation."

Additionally, FTRANS benefits financial institutions that are interested in diversifying their lending portfolios. By using FTRANS, banks can transform their clients' accounts receivable into lower risk, highly monitored, and lendable collateral and increase business and commercial lending, which can strengthen balance sheets and increase bank profits. Under the FTRANS bank program, financial institutions have the ability to increase profitability by expanding commercial lending and increase business and commercial deposits, interest income and fee income.

About FinovateSpring

FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in the entrepreneurial hotbed of San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by Online Financial Innovations. For more information on the event, please visit www.finovate.com/spring2010.

About Online Financial Innovations

Founded in 1995 by former banker Jim Bruene, Online Financial Innovations is a Seattle-based research company. OFI is best known for publishing the Online Banking Report, a regular newsletter featuring in-depth analysis, relevant data, and informed recommendations to financial services executives in 50 countries. For more information and free sample reports, visit www.onlinebankingreport.com, email [email protected] or call (206) 517-5021. You may also find OFI's blog on the latest in online finance & banking at www.netbanker.com.

About FTRANS

FTRANS Corp., located in Atlanta, GA, provides innovative technology solutions for businesses and financial institutions. FTRANS provides a complete accounts receivable and credit management solution which enables businesses to operate more efficiently and with greater access to capital.  From payment matching and account reconciliation to credit approvals, access to capital, and collections - FTRANS has the tools businesses need to achieve superior business results. 

SOURCE FTRANS Corp.