Central Pacific Financial Corp New · NYSE:CPF
Central Pacific Financial Corp New — Central Pacific Financial — Corporate Update (January 2022)
10 slides from Central Pacific Financial Corp New's corporate update, Jan 26, 2022
Slide 1: Banking-as-a-Service (BaaS) Launch Supplement
Banking-as-a-Service (BaaS) Launch Supplement January 26, 2022
Slide 2: Forward-Looking Statements
2Central Pacific Financial Corp. Forward-Looking Statements This document may contain forward-looking statements concerning: projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, the payment or nonpayment of dividends, capital position, credit losses, n
Slide 3: Digital Transformation Accomplishments
3Central Pacific Financial Corp. 2Q 2021 3Q-4Q 2021 1Q 2021 2020 2022 and beyond Online Account Opening Consumer platform to open deposit accounts and term loans launched January 2021 Business Online Banking New platform designed for small businesses launched February 2021 Online/Mobile Banking New
Slide 4: Our Blueprint Forward
Central Pacific Financial Corp. 4 Our Blueprint Forward • Our new BaaS program under development since 2019 • BaaS program will leverage successful product development and launch strategies used in Shaka • Current partners for BaaS mainland expansion: Swell (new Fintech) and Elevate (NYSE: ELVT) a l
Slide 5: CPF BaaS Strategy
5Central Pacific Financial Corp. CPF BaaS Strategy • “One-Two Punch”: Significant growth and financial success in Hawaii + mainland BaaS business with great potential • Transformation process began in 2019 with investment in technology which has paid off with our mobile app now rated 4.8 out of 5 on
Slide 6: Shaka Hawaii's First All-Digital Checking Account
6Central Pacific Financial Corp. Shaka Hawaii’s First All-Digital Checking Account Goal: Establish new banking relationships with younger, tech savvy customers in Hawaii. • Paycheck up to two days early • Higher interest rate on checking • No fee ATM withdrawals anywhere in the world (Up to $20/mont
Slide 7: Shaka: Solid Product Launch
7Central Pacific Financial Corp. Shaka Hawaii’s First All-Digital Checking Account Solid Product Launch October 1, 2021 Launched with VIP waiting list and largest social media influencer campaign in Hawaii’s history. 3,000+ people signed up to be the first to open an account. Over 3,300 residents ha
Slide 8: Building A Shaka Community
8Central Pacific Financial Corp. Shaka Hawaii’s First All-Digital Checking Account Building A Shaka Community Continue aggressive cross-sell efforts to increase share with existing Shaka customers Over time, we will add other digital products to our Shaka product set: + Shaka Loans + Shaka for Small
Slide 9: Swell: A New Kind of Financial Solution
9Central Pacific Financial Corp. Swell A New Kind of Financial Solution • Launches mid-2022 • CPF will make an equity investment in Swell along with Elevate and other 3rd party fintech investors • Revenue sharing agreement between the entities • Digital checking and line-of-credit in one account, ad
Slide 10: Thank you.
Thank you.
Central Pacific Financial — Corporate Update (January 2022) on 6ix