First Internet Bank and Increase Receive American Banker's Innovation of the Year Award
First Internet Bank and Increase were named a winner in American Banker's inaugural 2025 Innovation of the Year awards, achieving victory in the Payments category. The awards honor the most influential technology-focused innovations. First Internet Bank and Increase joined forces to deliver High-fidelity ACH – a tech solution that brings greater speed and reliability to Automated Clearing House (ACH) transactions.
"Innovation doesn't have to mean disruption; it can mean simply improving our execution of the basics. Our customers look to us for reliability, transparency and flexibility," noted Darragh Buckley, Founder and Chief Executive Officer for Increase. "Little details, like showing network events together in a timeline, give operators end-to-end visibility, so that payroll, rent and bill payments arrive exactly on time. We're lucky to work alongside First Internet Bank, who share our obsession with customers."
"From the introduction of branchless banking services more than 25 years ago to our current innovations in electronic funds transfer, we've always been at the forefront of change," said Nicole Lorch, President and Chief Operating Officer at First Internet Bank. "Our partnership with Increase demonstrates our commitment to delivering new products and services that can – and will – continue to revolutionize the banking industry."
The High-fidelity ACH project provides end-to-end visibility for users to know precisely when payments are submitted and funds are available, providing complete transparency and improved ACH reliability for scaled platforms.
For more information about First Internet Bank please visit firstib.com. To learn more about Increase, visit increase.com.
About First Internet Bank
First Internet Bank opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. With assets of $5.8 billion as of March 31, 2025, the Bank provides consumer and small business deposits, consumer loans and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services. Additional information about the Bank, including its products and services, is available at firstib.com. The Bank is a wholly-owned subsidiary of First Internet Bancorp (NASDAQ:INBK). First Internet Bank is a Member FDIC.
About Increase
Increase is an API-first banking core and issuer processor built from the ground up for software developers. Founded in 2019 by Darragh Buckley, Increase provides financial technology companies with direct connections to the Federal Reserve, Visa, Check21, and The Clearing House. By offering network-level visibility and granular control over money movement, Increase enables customers to build more reliable, transparent, and programmable financial products. Banks work with Increase to power innovative programs for leading companies such as Ramp, Gusto, and Pipe.
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Contact Information:
Investor Relations:
Paula Deemer
Director of Corporate Administration
(317) 428-4628
[email protected]
Media for First Internet Bank:
PANBlast for First Internet Bank
Ryan Hecker
[email protected]
Increase Media Relations:
[email protected]