Posted August 3, 2023
Academy Bank has partnered with Treasury Prime to bring embedded finance services to their customer, according to the companies.
According to the release, Treasury Prime, a leading embedded banking software company based in San Francisco, announced its partnership with the Kansas City-based bank to address the increasing demand for flexible and scalable solutions that effectively meet the evolving needs of businesses and customers.
The partnership aims to provide businesses with seamless access to Academy Bank’s deposit services, enabling them to offer FDIC-insured accounts to their customers while fully compliant with regulatory requirements.
The companies attribute the coupled power across Treasury Prime’s BaaS platform and Academy Bank’s established banking infrastructure will allow businesses to launch and scale their payment and deposit products, leading to stronger customer engagement and retention.
“This collaboration aligns perfectly with our commitment to innovation and focus on the fintech industry,” Director of Fintech Partnerships at Academy Bank, David Robinson said. “By leveraging Treasury Prime’s technology, we can enhance our offerings and provide our fintech partners with the tools they need to accelerate their growth and deliver innovative financial services.”
View the full press release, here.