BankActiveEst. 2019

Medallion Bank

US · Salt Lake City, UT · Utah ILC; FDIC (insured)

Medallion Bank is a Bank based in US (Salt Lake City, UT), regulated by Utah ILC; FDIC (insured). The institution operates an active Banking-as-a-Service program, launched in 2019.

Medallion Bank supports the following products and services: Lending, BNPL, KYC/AML. The bank serves customers across US.

Notable fintech partners include Covered Care, TriBeam Financial, Kashable.

Profile
Products Supported
LendingBNPLKYC/AML
Geographies Served
US
Charter / Regulator
Utah ILC; FDIC (insured)
Year Program Launched
2019
Notable Fintech Partners

Covered Care, TriBeam Financial, Kashable

Regulatory Actions Summary

None confirmed active

Notes

Subsidiary of Medallion Financial Corp. (NASDAQ: MFIN); explicitly markets BaaS for marketplace/digital lending; Q1 2025 strategic partnership loans $136.2M (768% YoY).

Related Deals (1)
partnership

Medallion Bank Partners With Kashable to Originate Personal Loans

Medallion Bank announced a strategic fintech partnership with Kashable to originate personal loans and expand financial wellness services. The collaboration integrates with HRIS and payroll systems for automated repayments. Kashable leverages Medallion Bank's lending expertise and nationwide footprint to serve working Americans beyond traditional credit scores.

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Medallion Bank dealsMedallion Bank regulatory actionsMore banks in USBrowse full registry
Links
Official Website BaaS Program
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