OMB Bank Joins Treasury Prime Bank Network for Embedded Banking

On March 12, 2024, Treasury Prime announced that OMB Bank had joined its Bank Network, enabling the bank to provide embedded banking solutions for fintech customers through Treasury Prime's BaaS platform. The implementation was completed in a record 8 weeks, the fastest bank onboarding in Treasury Prime's history. OMB Bank will leverage Treasury Prime's APIs and infrastructure to offer banking services to fintechs seeking sponsor bank relationships.

The rapid deployment timeline demonstrates improvements in Treasury Prime's onboarding process and may attract additional banks to the network. This partnership strengthens Treasury Prime's position in the competitive BaaS middleware space by expanding its roster of partner banks. No financial terms of the partnership were disclosed.