PHOENIX- December 2019 – Artis Trade Systems (Artis) recently added another bank to ArtisPay, its supply chain finance (SCF) software platform. On December 2, 2019, Artis entered into an agreement with 5Star Bank, a community bank in Colorado Springs, Colorado. 5Star is aiming to launch the product with their pilot client in March of 2020.
“We are thrilled to be working with this bank that has great leadership driving this product and client solution. 5Star Bank is dedicated to offering their clients solutions that will help them reduce costs, improve cash flow and continue to grow,” Jamie Clemons, Artis Co-Founder said. “It’s exciting to partner with a bank that is as client focused as we are, and I look forward to growing together.”
5Star Bank was already familiar with SCF and the associated benefits when it contacted Artis in January 2019 to learn about ArtisPay’s features and functionality. Following a demo, the bank decided to move forward with due diligence and a vendor management review of Artis. After successfully qualifying as a bank vendor, Artis and SCF still required BOD and bank approval, which was accomplished in the second half of 2019.
Tia Kavas, SVP-Business Credit at 5Star Bank, said “Our experience in working with Artis has been exceptional. We are thrilled to be able to offer this innovative solution to support the growth of small- and medium-sized local businesses in our community. This is another tool in our toolbox to support our mission of helping SMB’s succeed.”
About Artis Trade Systems
Artis Trade Systems, headquartered in Phoenix, Arizona, is a technology company that provides high quality, easy to use finance tools for banks, lenders and their customers at the best value. For more information, visit artistrade.com or call 602-825-1841.
About 5Star Bank
5Star Bank is a full-service community business bank completely owned and operated by its Colorado investors, Board of Directors and staff. With an entrepreneurial spirit, 5Star is focused on providing banking solutions to businesses, their owners, families and employees in the communities that they serve. Member FDIC, Equal Housing Lender
A founder of Artis Trade Systems, Jamie Clemons, CPA, started his career working in business risk consulting at Protiviti after attending the University of Arizona on an academic scholarship where he graduated Summa Cum Laude with dual degrees in Finance and Accounting. During his time in consulting, Jamie served clients in various industries including Airline, Banking, Software, Pharmaceutical, and Education among others.