Infinant provides a cloud-native platform that enables banks to expand their distribution channels and offer embedded banking solutions through partnerships with fintechs and merchants. This technology addresses the need for banks to grow deposits and non-interest fee income by facilitating the launch of new financial products and services in a compliant and efficient manner.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
JFFounders
Product
Problem
Banks face challenges in expanding their distribution channels and revenue streams due to limitations of legacy core banking systems and increasing competition from fintech companies. They need to offer innovative digital financial products and services to retain customers, attract new segments, and grow deposits and fee income.
Solution
Infinant provides the Interlace Platform, a cloud-native solution that enables banks to offer embedded finance and expand their digital footprint without replacing their core systems. The platform allows banks to create and distribute new financial products and services through partnerships with fintechs, brands, and vertical SaaS providers. By offering API-enabled banking products, digital twins for regulatory compliance, and modern payment solutions, Infinant helps banks to innovate faster, reduce operational costs, and maintain control over their programs. The Interlace Platform supports a multi-channel, multi-product strategy with accounts, payments, and card issuance capabilities, all managed under bank control.
Target Audience
Infinant primarily targets community, regional, and super-regional banks seeking to expand their digital offerings, grow deposits and fee income, and partner with fintech companies in a compliant manner.
Features
- API-enabled platform for embedded finance, allowing banks to offer their products through partner channels
- Digital Twin technology to maintain a mirrored ledger for regulatory compliance in partner programs
- Support for digital channels to expand the distribution of consumer and business products
- Core modernization capabilities to launch new products without dependency on the legacy core
- Flexible account ledgering with double-entry ledgering for accurate settlement
- Centralized money movement with intelligent routing for ACH, Wire, and instant payments
- Digital and physical card issuance with streamlined dispute management
- Real-time settlement automation to reduce manual reconciliation
- Bank-owned ledger for maintaining control over regulatory and compliance policies
- SOC 1, SOC 2, and PCI DSS compliance