Treasury Prime provides a Banking-as-a-Service platform that connects banks and FinTechs through a unified API, enabling the issuance of debit cards, account management, and payment processing. This technology allows financial institutions to modernize their operations and expand their customer base without the need for extensive infrastructure changes.
Funding
$71.5M 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.
JFSFounders
Product
Problem
Fintechs and banks often face challenges in establishing partnerships due to the complexities of integrating disparate systems and navigating regulatory compliance, which can hinder innovation and slow down the launch of new financial products. Banks also struggle to expand their reach beyond traditional channels and modernize their core banking infrastructure without costly and disruptive overhauls.
Solution
Treasury Prime offers a Banking-as-a-Service (BaaS) platform that streamlines the connection between banks and fintech companies through a unified API. This platform enables fintechs to embed financial services directly into their applications, such as issuing debit cards, managing accounts, and processing payments, while providing banks with a modern, modular Bank Operating System (OS) to expand their reach and modernize their infrastructure. Treasury Prime facilitates direct relationships between banks, fintechs, and other service providers, eliminating intermediaries and fostering innovation. The platform also provides tools for compliance monitoring, KYC, and transaction monitoring, ensuring regulatory adherence and security.
Target Audience
Treasury Prime targets fintech companies seeking to embed financial services into their products and banks looking to modernize their operations, expand their customer base, and establish partnerships with fintech innovators.
Features
- Unified REST API for accessing accounts, payment rails, and banking partner services
- Modular Bank OS that modernizes core banking systems without requiring a complete replacement
- Partner Marketplace offering pre-built integrations for KYC, compliance, and other banking services
- Real-time data and reporting for transaction visibility and reconciliation
- Customizable digital account opening and online banking experiences
- Virtual accounts with controls to support complex client needs
- Direct relationships with bank partners and service providers
- Compliance tools for KYC, transaction monitoring, and regulatory reporting