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British iam Bank Chooses Chicago for Global Headquarters

British-based iam bank, founded by Irish entrepreneur Lee Travers, will locate its global headquarters in Chicago, Illinois. The company plans to grow to 35 employees in downtown Chicago over the next few months.

The bank provides both digital and physical banking to consumers with a focus on both a tech savvy and personalized banking experience. The bank features financial tech tools such as mobile APPs, machine learning algorithms, and chatbots, along with bank branches specifically tailored to appeal to the millennial consumer base.

“Chicago is a wonderful city with a diverse culture,” Lee Travers, CEO of iam said. “It is a hotbed for FinTech start-ups, and here at iam bank we want to find the best talent and build the most innovative products that provide a solution for our customers. Chicago provides us with a great opportunity to grow our business and find the best and most talented employees.”

According to the Governor’s Office, Travers, who has worked in the FinTech industry for more than 20 years, decided to build iam bank because of his dissatisfaction with the traditional banking system. His objective is for iam to provide a transparent and relevant solution for its members and evolve with them on their journey, giving them the tools and education that they need to be better with their finances.

“Chicago’s unparalleled access to transportation and talent give growing companies like iam bank the tools they need to thrive,” Mayor Rahm Emanuel said. “I welcome iam bank and look forward to seeing them grow right here in their new home in the city of Chicago.”

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