Treasury Prime, a number one Banking-as-a-Service (BaaS) firm, right this moment introduced it’s partnering with FB Monetary Corp (FirstBank) to convey embedded finance choices to its purchasers.
“As a contemporary banking platform, considered one of our key differentiators, and one thing that our prospects place a whole lot of worth in, is our community of banks, because it supplies fintechs the flexibleness they need and the scalability they want. By including FirstBank, we’ve partnered with a monetary establishment that meets all the important thing markers to thrive in our community and ship for enterprises searching for embedded finance,” stated Chris Dean, co-founder and CEO of Treasury Prime.
FirstBank is among the many first monetary establishments on a Jack Henry core to leverage Treasury Prime’s embedded finance options. The Tennessee-based monetary establishment with greater than $12.7 billion in property is increasing its consumer base by delivering embedded finance to Fintech, Funds and InsureTech.
“Treasury Prime’s know-how allows us to boost what we provide our purchasers and broaden our attain to enterprises searching for embedded finance companions. We expect embedded banking options, like what Treasury Prime presents, are on the forefront of serving to the banking trade be extra accessible, inclusive and compliant,” stated Wade Peery, Chief Innovation Officer of FirstBank.
The FirstBank partnership comes simply months after Treasury Prime introduced the same relationship with Texas-based Third Coast Financial institution. The corporate expects to make extra bulletins associated to its financial institution community within the weeks forward.