Byline Bank Partners with Lithic as Sponsor Bank for Embedded Card Programs
Byline Bank announced on Jul 27, 2026 that fintech infrastructure company Lithic has selected it as a sponsor bank partner. Under the arrangement, Lithic will connect technology companies to Byline's regulated banking infrastructure so they can launch consumer and commercial card programs and banking services. Byline will supply accounts, payment rails and compliance oversight behind Lithic's card issuance and money movement platform.
Lithic evaluated Byline against the needs of its client programs, citing the bank's payments expertise, speed to market and ability to support complex use cases including digital assets. Joe Wolsfeld, Byline's head of payments and fintech banking, said the bank built its team and operating model to accelerate execution for fintech partners. Financial terms were not disclosed.
- Adds Byline Bank to the growing roster of US community and mid-size banks pursuing sponsor bank revenue from fintech partnerships
- Lithic's choice of a new sponsor bank signals ongoing diversification of bank-fintech dependencies amid regulatory pressure on BaaS concentration risk