Treasury Prime Teams With Academy Bank to Expand BaaS Offerings
Treasury Prime has teamed with Academy Bank to bring embedded finance services to its customers.
“This partnership addresses the increasing demand for flexible and scalable solutions that effectively meet the evolving needs of businesses and customers,” the companies said in a news release Monday (July 31).
The goal of the collaboration is to give businesses “seamless” access to Academy Bank’s deposit services, letting them offer customers FDIC-insured accounts while complying with regulatory requirements.
The companies say Treasury Prime’s banking-as-a-service (BaaS) platform, combined with Academy Bank’s established banking infrastructure, will let businesses rapidly launch and scale their payment and deposit products, and improve customer engagement and retention.