$12 billion AUM
bank can now provide BaaS offerings to its customers
FRANCISCO and NASHVILLE,
Tenn., Sept. 22, 2022 /PRNewswire/ -- Treasury
Prime, a leading Banking-as-a-Service (BaaS) company, today
announced it is partnering with FB Financial Corp (FirstBank) to
bring embedded finance offerings to its clients. The partnership
with FirstBank brings Treasury Prime's bank network to well over a
dozen, adding to their rapidly growing available deposit base
within the bank network.
"As a modern banking platform, one of our key differentiators,
and something that our customers place a lot of value in, is our
network of banks, as it provides fintechs the flexibility they want
and the scalability they need. By adding FirstBank, we've partnered
with a financial institution that meets all the key markers to
thrive in our network and deliver for enterprises looking for
embedded finance," said Chris Dean,
co-founder and CEO of Treasury Prime.
FirstBank is among the first financial institutions on a
Jack Henry core to leverage Treasury
Prime's embedded finance solutions. The Tennessee-based financial institution with
more than $12.7 billion in assets is
expanding its client base by delivering embedded finance to
Fintech, Payments and InsureTech.
"Treasury Prime's technology enables us to enhance what we offer
our clients and expand our reach to enterprises looking for
embedded finance partners. We think embedded banking solutions,
like what Treasury Prime offers, are at the forefront of helping
the banking industry be more accessible, inclusive and compliant,"
said Wade Peery, Chief Innovation
Officer of FirstBank.
The FirstBank partnership comes just months after Treasury Prime
announced a similar relationship with Texas-based Third Coast Bank. The company
expects to make additional announcements related to its bank
network in the weeks ahead.
For more information about Treasury Prime and to learn more
about its BaaS network, visit https://www.treasuryprime.com/.
About Treasury Prime
Treasury Prime is building the future of finance. Leveraging its
award-winning APIs and versatile Banking as a Service (BaaS)
products, Treasury Prime enables fintechs, banks and corporate
partners to innovate, adapt, grow and scale to stay competitive in
a rapidly changing marketplace. The company helps fintechs with a
range of complex services including money transfer, risk mitigation
and access to a chartered bank's infrastructure. Treasury Prime
works with forward-thinking banks to extend their boundaries,
helping to grow topline revenue and lower the cost of deposits.
Treasury Prime was named Best Banking-as-a-Service Platform in the
Tearsheet Embedded Awards 2021 and named to CB Insights' annual
2021 Fintech 250 list.
Nashville-based FirstBank, a
wholly owned subsidiary of FB Financial Corporation (NYSE: FBK), is
the third largest Tennessee-headquartered bank, with 83
full-service branches across Tennessee, South Central Kentucky,
Alabama and North Georgia, and a national mortgage
business with offices across the Southeast. The bank serves five of
the major metropolitan markets in Tennessee and, with approximately $12.7 billion in total assets, has the resources
to provide a comprehensive variety of financial services and
SOURCE Treasury Prime