Innovative community bank with $2.4bn in assets to provide award-winning BaaS offering
Treasury Prime and Academy Bank join forces to address growing market demand through banking-as-a-service partnership. (Credit: StartupStockPhotos from Pixabay)
Treasury Prime, a leading embedded banking software company, today announced it is partnering with Academy Bank to bring embedded finance services to its customers in the financial services industry. This partnership addresses the increasing demand for flexible and scalable solutions that effectively meet the evolving needs of businesses and customers.
The objective of this partnership is to provide businesses with seamless access to Academy Bank’s deposit services, enabling them to offer FDIC-insured accounts to their customers while staying fully compliant with regulatory requirements. Treasury Prime’s award-winning BaaS platform, coupled with Academy Bank’s established banking infrastructure, will empower businesses to rapidly launch and scale their payment and deposit products, driving strong customer engagement and retention.
“Academy Bank’s ability to service deposit customers in a highly personalized manner, combined with their unwavering commitment to innovation, forms a strong foundation for our partnership,” said Jeff Nowicki, VP of Banking at Treasury Prime. “We are proud to welcome Academy Bank to our bank network and work together to deliver transformative banking experiences.”
“This collaboration aligns perfectly with our commitment to innovation and focus on the fintech industry,” said David Robinson, Director of Fintech Partnerships at Academy Bank. “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.”
This partnership follows Treasury Prime’s success in rapidly expanding its bank network, which now exceeds 15 financial institutions nationwide.
Source: Company Press Release