Written by Clayton County Register, July 31, 2023
Treasury Prime, a leading embedded banking software company, has announced its partnership with Academy Bank to offer embedded finance services to customers in the financial industry. This collaboration aims to meet the increasing demand for flexible and scalable solutions that cater to 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, allowing them to offer FDIC-insured accounts to their customers while remaining compliant with regulatory requirements. By leveraging Treasury Prime’s award-winning BaaS platform and Academy Bank’s well-established banking infrastructure, businesses will be able to quickly launch and scale their payment and deposit products, enhancing customer engagement and retention.
Academy Bank’s personalized approach to serving deposit customers, along with their commitment to innovation, has formed a strong foundation for this partnership. The collaboration aligns with Academy Bank’s focus on the fintech industry and allows them to enhance their offerings by leveraging Treasury Prime’s technology, empowering their fintech partners to accelerate their growth and deliver innovative financial services.
This partnership comes on the heels of Treasury Prime’s continued success in expanding its bank network, which now includes more than 15 financial institutions nationwide.
Treasury Prime is a company that is revolutionizing the finance industry, providing banks and enterprise partners with the tools they need to innovate, adapt, and stay competitive in a changing marketplace. Their services include money transfer, risk mitigation, and access to a chartered bank’s infrastructure. Treasury Prime has been recognized as the Best Banking-as-a-Service Platform in the Tearsheet Embedded Awards and was named to CB Insights’ annual Fintech 250 list.
Academy Bank is a full-service bank with $2.4 billion in assets and over 70 branch locations across four states. Known for its innovation, Academy Bank offers a wide range of financial solutions for businesses and individuals, including commercial and business banking, treasury management, and mortgage services. It is a subsidiary of Dickinson Financial Corporation, a holding company headquartered in Kansas City, Missouri.
Overall, this partnership between Academy Bank and Treasury Prime will enable businesses to access advanced embedded finance services, further driving innovation and growth in the financial services industry.