Emprise Bank Selects Treasury Prime as BaaS Partner
Emprise Bank selected Treasury Prime as its BaaS partner in November 2021 following a competitive evaluation process. The partnership enables fintechs and businesses to embed banking services such as bank accounts, payments, and cards into their offerings via Treasury Prime's API platform. Treasury Prime's technology integrates directly into Emprise Bank's core banking systems and payment gateways, enabling rapid development and deployment for fintech clients.
Initial fintech clients were already in discussion at the time of announcement, with a planned program launch in Q1 2022. Chris Dean, CEO of Treasury Prime, emphasized the growing need for reliable sponsor bank support as the fintech sector expands. Emprise Bank's leadership cited the opportunity to deliver agile services that enhance consumer outcomes.
Treasury Prime is backed by investors including Y Combinator and Nyca Partners. No specific financial terms of the partnership were disclosed.
- Expands Treasury Prime's sponsor bank network, strengthening its position in the competitive BaaS middleware market
- Demonstrates growing interest from regional and community banks in entering the BaaS space to diversify revenue through fintech partnerships