FIS and Treasury Prime Launch Embedded Finance Program for Banks and Fintechs

On May 11, 2022, FIS launched an embedded finance program in partnership with BaaS provider Treasury Prime, targeting small and mid-sized financial institutions seeking to compete digitally. The API-based offering enables banks to integrate digital banking services such as deposits and accounts payable, allowing them to generate new revenue by partnering with fintechs beyond their local markets. Grasshopper Bank became the first institution to adopt the platform, using it to serve fintechs, SMBs, and venture firms through a partnership with HUMBL.

The program leverages FIS's existing core banking systems to deliver faster, lower-cost integrations via Treasury Prime's APIs, connecting banks to over 70 fintech clients including Wagestream and ZenBusiness. FIS described the initiative as empowering banks to become foundations for next-generation financial services amid accelerating digital transformation. The integration approach is designed to reduce operational costs for banks compared to traditional integration methods, making embedded finance accessible to institutions that might otherwise lack the technical resources to compete.