Emprise Bank chooses Treasury Prime as Banking-as-a-Service (BaaS) partner to create new integrated banking program
SAN FRANCISCO, November 15, 2021 / PRNewswire / – Prime Cash, the leading bank as a service (BaaS) company, today announced that after a competitive assessment, Right Bank chose Treasury Prime as a strategic partner for its new integrated banking initiative. Together, Emprise Bank and Treasury Prime will build a program to enable businesses to quickly and easily integrate banking services, including bank accounts, payments and cards, into their products or offerings. The commissioning of the program is scheduled for the first quarter of 2022 and the teams are aligning the first fintech customers.
âThere has been an explosion of investments in FinTech companies and the vast majority of them need a reliable and supportive banking partner to be able to grow their businesses,â said Chris Dean, CEO of Treasury Prime. âEmprise Bank understands what it takes to be a great fintech bank: to scale quickly, provide clarity and advice on regulatory and compliance issues, and support their clients throughout their launch, growth and development. of their evolution. Together, we will fuel a new generation of fintech and neobank innovation. “
âThe banking industry is changing rapidly as fintechs and neobanks develop exciting new products and capabilities for their clients,â said the CEO of Enterprise Bank. Matt michaelis. âWe see a tremendous opportunity to support their efforts by providing a strong and agile sponsor banking service, in partnership with Treasury Prime, which allows our fintech clients to focus on what they are doing right. These partnerships will lead to improved experiences and better outcomes for consumers. “
âIntegrated finance has become an essential catalyst for delivering personalized and relevant solutions in the context of someone’s daily life,â said Jason Beckmann, executive vice president of innovation and strategy. “Through our partnership with Treasury Prime, we are able to accelerate innovation, partner with fintechs, do what we do best, and make a significant contribution to rapidly changing consumer behavior by providing banking services in new ways. “
âWe chose to work with Treasury Prime because our companies have strongly aligned values ââand Treasury Prime offers a personal touch and a true partnership that goes far beyond a traditional supplier / customer relationship,â said Emily Reisig, vice president of technology operations. âThey understand our goals of serving fintech customers and give us the ability to do so at scale. Treasury Prime is also the perfect size to be nimble when needs change.
With each new banking partner, Treasury Prime performs a deep and deep integration into all of the bank’s major payment systems and gateways. Treasury Prime then provides an API to make it easier for external clients, such as fintech companies or other businesses, to integrate banking services. With Treasury Prime and Emprise, clients will benefit from direct partnerships with both companies so that they can act quickly to bring their companies or offerings to market. Treasury Prime is experiencing exponential growth in fintech customer base and is adding a new banking partner every month.
About Treasury Prime
Treasury Prime is the leading Banking as a Service (BaaS) company that connects banks and fintechs through an API so developers can start building in minutes and get up and running in days. The full integration of Treasury Prime into core banking systems gives developers access to a wide range of banking services, from opening accounts to executing payments and issuing cards. Treasury Prime is backed by Deciens Capital, Nyca Partners, Pacific Western Bank, QED Investors, SaaStr Fund, Susa Ventures and Y Combinator. Developers can start building today at https://developers.sandbox.treasuryprime.com/. For more information visit www.treasuryprime.com.
About Emprise bank
Emprise Bank is a client-focused, goal-driven financial institution with a mission to empower people to thrive through personalized solutions and services. Situated at Wichita, Kansas, Emprise Bank is insured by the FDIC with total assets exceeding $ 2.3 billion. Learn more at emprisebank.com.
SOURCE Cash Prime