Treasury Prime

New Video Alert! 👀 What does Treasury Prime Do? Here it is in 44 seconds! ⏱ Treasury Prime is an embedded banking software platform that connects companies to a vast marketplace of banks and product partners to launch new financial products. Take a look at what you can do with embedded banking. And stay tuned for an upcoming announcement! Contact us to learn more about how embedded finance can supercharge your business: https://lnkd.in/g8jBFs3d #bankingasaservice #embeddedfinance #fintech

Strong partnerships empower the financial services sector to meet customers' evolving needs. Treasury Prime was recognized in the The Paypers Global Partnerships Analysis Q2 2024, a reflection of our commitment to #RegulatoryCompliance and services optimization. Read more: https://bit.ly/3SVzSHQ

Transparency in your #FinTech-bank relationship is key. To avoid losing customer funds, it's crucial for fintechs and their banking partners to ensure effective risk management and compliance, Paige Smith writes in Bloomberg. Organizations should seek regulated partners that understand the significance of visibility and customer trust in #BankingPartnerships. https://bloom.bg/3YXUgfv

“Compliance costs are a big consideration for banks as they weigh the investments associated with embedded banking,” Kyle Costello, head of partnerships at Treasury Prime, tells PYMNTS. Our partnerships empower banks with modern tools to streamline #compliance processes and third-party risk management. Today, Kobalt Labs joins the Treasury Prime Partner Marketplace to deliver its compliance-focused AI copilot to our bank customers. Read more: https://bit.ly/3WRN7uu

Security and transparency are vital components of evolving #EmbeddedBanking solutions. With #BankOS, banks can offer modern financial services while maintaining full control and oversight — which ensures system reliability.

Fintech companies must handle building safeguards to protect customers and preventing future failures in the BaaS sector. Join us at TechCrunch Disrupt where Sheetal Parikh, General Counsel and Chief Compliance Officer, will share insights about regulatory compliance challenges and avoiding company collapses alongside Itai Damti of Unit and Mitchell Lee of Synctera. https://tcrn.ch/4dlNwfG

Bank and #fintech partnerships can introduce new operational risks. Last month, three federal bank regulatory agencies said they're considering new steps to ensure effective #RiskManagement within bank-fintech arrangements, PYMNTS reports. With the right fintech, banks can strive toward regulatory goals like bank growth, responsible innovation, and customer satisfaction. https://bit.ly/4crJdOH

Some bank-fintech partnerships leave customers skeptical of their regulatory compliance, but #BankOS eases those fears by directly working with banks, not trying to be them.

Recent headlines seem to bring into question the value of financial technology and innovation. However, experts caution an overreaction towards the space as a whole. Scrutiny of third-party risk management hinders bank and #fintech partnerships. Jelena McWilliams, head of the Financial Institutions Group and managing partner at Cravath, Swaine & Moore LLP, says: “Without these partnerships, [banks] are not able to diversify their portfolios, grow, and become more resilient by sheer size and the economies of scale. So these partnerships are here to stay and are going to help the banking ecosystem get better over time.” Innovation and strategic partnerships enhance a bank's ability to provide superior customer experience, boost operational efficiency, and empower you to navigate a complex regulatory environment. Learn more from our recent webinar: https://bit.ly/3Ag2FR4

Nearly half (44%) of banks are working to catch up to #DigitalTransformation leaders, Banking Exchange reports. Legacy technology is the top reason banks fall behind and inevitably lose revenue and market share. Modern banking solutions, like #BankOS, allow banks to extend access to their products and services through APIs while maintaining the oversight, visibility, and controls expected in every other business line they run today. https://bit.ly/4ccKau9