Treasury Prime Joins Jack Henry Vendor Integration Program for BaaS
On September 19, 2022, Treasury Prime announced its acceptance into the Jack Henry Vendor Integration Program, a milestone partnership for the BaaS provider. The integration allows any bank running Jack Henry's core banking system to adopt Treasury Prime's embedded finance platform and offer BaaS services to fintech and enterprise clients. Banks on the Jack Henry platform can be onboarded and fully integrated within just a few weeks, dramatically reducing time-to-market.
Third Coast Bank SSB, a Texas-based institution with $3.36 billion in assets, became the first Jack Henry bank partner to go live using Treasury Prime's embedded finance offerings. The partnership is strategically significant given Jack Henry's large footprint among community and regional banks in the United States. This move positions Treasury Prime to scale its BaaS distribution considerably by tapping into Jack Henry's extensive client base.
- Expands Treasury Prime's addressable market to the large base of community banks using Jack Henry core systems
- Accelerates BaaS adoption among mid-size and community banks by reducing integration timelines to weeks