Treasury Prime, a leading embedded banking software company, announced its strategic partnership with Liberty Bank, N.A., a full-service commercial bank supporting markets across California, to offer innovative embedded banking solutions to customers in the fintech space. Through the collaboration, Liberty Bank, N.A. will work with businesses on the Treasury Prime platform to create new channels for end users to interact and consume its comprehensive suite of financial services, including Deposit Accounts, ACH, and Wires.
A Banking-as-a-Service collaboration with the $550 million OCC-chartered bank
This partnership addresses the increasing demand for flexible and scalable embedded banking solutions that effectively meet the evolving needs of businesses and customers, with a specific focus on fostering growth among a diverse range of businesses, facilitating B2C and B2B payments, and supporting e-commerce companies and real estate professional. Treasury Prime fosters innovation responsibly in today’s regulatory climate.
“Joining Treasury Prime’s network enables Liberty Bank, N.A. to drive deposit growth and fee income while offering seamless banking experiences to a diverse customer base. This strategic partnership empowers both companies to stay competitive, attract new clients, and capitalize on cutting-edge technologies in the ever-evolving fintech landscape,” said Jeff Nowicki, VP of Banking at Treasury Prime.
“We chose to work with Treasury Prime because we recognize the growing demand for innovative financial solutions and the need for banks to enhance their technology offerings to stay ahead in the digital landscape,” said Don M. Griffith, Chairman and CEO of Liberty Bank N.A. “Embracing these solutions is crucial to meet the evolving needs of businesses and customers and to ensure that we remain at the forefront of the banking industry’s transformation.”
This partnership builds upon Treasury Prime‘s success in expanding its bank network, which now encompasses over 16 financial institutions nationwide.
SOURCE: PRNewswire