“The time has come for community banks to no longer remain hostage to the product set of their core processor. Frank and Michael Sanchez have a plan to recreate the “app store” for banking. The days of dependency on 30-year-old code and poor customer service are soon to be over. Next gen cloud based technologies connected to Finxact’s “headless core processor” will enable American ingenuity and capitalism to emerge which will allow all banks a choice of fully integrated products and services elegantly delivered digitally across all channels!”

James S. (Chip) Mahan III
Chairman CEO of Live Oak Banking Company, Co-founder and director of nCino, Former CEO Chairman S1 Corporation and founder Security First Network Bank, former chairman and CEO Cardinal Bancshares.


“The OAI and its growing board of members is excited to welcome Finxact to the workgroup. Finxact will be the first core banking provider to officially embrace our workgroup’s mission of openness, transparency and interoperability. Finxact and its partners are making groundbreaking contributions that will enable banks and FinTech companies to interoperate freely and transparently using the Open API Specification (OAS) as the enabler for their interactions.”

Ole Lensmar
Chairman of the Open API Initiative, Chief Technology Officer of SmartBear Software


“Frank Sanchez and the Finxact team are moving the basic building blocks in financial services forward.  Redesigning the core system is key to every bank’s processing needs by reducing costs and friction. Adding on to applications will only go so far. However, rearranging the ledger empowers the whole value chain. I’ve seen Frank do this before, so I’m excited to see the impact of Finxact help banks this time!”

Arkadi Kuhlmann
Zenbanx CEO & SoFi President, Banking, former CEO ING Direct

“I have been working with Frank and Mike Sanchez for over twenty years as they pioneered financial services. When they say they will do something, they do it. Now, they are better positioned than ever to deliver on Finxact.

Admiral R.J. “Zap” Zlatoper
USN (Ret.), Former Commander in Chief of the U.S. Pacific Fleet, former Co-Chairman and CEO of Sanchez Computer Associates, and current Trustee for the Estate of James Campbell

“Nobody knows the concept of real-time banking like Frank and Mike.

Alex “Pete” Hart
Chairman, VeriFone Systems, Inc., Former; Chairman SVB Financial Group, director Fair Isaac Corp., director Sanchez Computing, CEO of Advent Corporation, and CEO MasterCard International

From commanding the Eisenhower Battle Group in Operation Desert Shield to working with Veterans to secure home loans at NewDay, the key to success is working with people of the highest integrity and ability to execute. Finxact’s team, led by Frank Sanchez is just such a team. They’ve been there, done that, and will do that again.”

Thomas Lynch   
Executive Chairman of the Board, NewDay USA, Former SVP of The Staubach Company, SVP Safeguard Scientifics, Retired Rear Admiral US Navy and Superintendent of the United States Naval Academy.