BECU, Washington’s largest community credit union, partnered with CoMotion, UW’s collaborative innovation hub, in fall 2018 to create a fintech hub in the Seattle region, which included the launch of the BECU FinTech Incubator, at CoMotion Labs. The collaboration combines BECU’s expertise in broad-based financial services, data analysis, and customer experiences with CoMotion’s strengths in incubation, partnership, innovation, company formation, and technology commercialization.
A Powerful Combination
The technology strengths and resources of greater Seattle and the UW ecosystem make a powerful combination that is poised to build the next generation of financial services innovations. This focus on financial services innovation will benefit a large section of the community at a time when technology and disruption are simultaneously beneficial and potentially polarizing.
CoMotion is driven by an inclusive notion of innovation that consists of interdisciplinarity, teaming, leading meaningful change, and building products and deliverables that create impact. The fintech area is inherently interdisciplinary, and the emphasis of BECU on financial health and inclusion makes the partnership additionally synergistic.