Financial Technology Can Propel Environmental Sustainability
by Jennifer Smith, Chief Information Officer, Zions Bancorporation
As one of Utah’s largest tech employers, Zions Bancorporation is helping drive innovations that will forever enhance the banking experience for consumers and businesses. At the same time as we are developing new technologies, we are seeing welcome byproducts: positive impacts on the environment.
With more than $70 billion in assets, Zions Bancorporation has long been known within the financial services industry for its contributions to financial technologies, including such innovations as having banks serve as trusted third parties in public key infrastructure (“PKI”) encrypted digital certificate transactions.
Two decades ago, Zions Bancorporation was at the forefront of efforts to give electronic versions of checks the same legal validity as original paper checks. In the 1990s, Zions pioneered the development of remote deposit capture technology that allows paper checks to be deposited electronically by submitting to the depository bank a photographic image of the original check.