Search Results for "American Fintech Council"
6 results for "American Fintech Council"
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American Fintech Council Backs Bank-Fintech Partnership Enhancement Act
The American Fintech Council publicly urged passage of the Bank-Fintech Partnership Enhancement Act (H.R. 6552), calling for a federal study on bank-fintech partnerships' impacts on community banks, innovation, and consumer protection. The advocacy effort highlights growing legislative attention to the regulatory framework governing BaaS and embedded finance relationships.
LendAPI Joins American Fintech Council to Advance Embedded Lending
LendAPI joined the American Fintech Council after launching infrastructure-first embedded finance capabilities. The company offers modular APIs for lending, banking, and digital wallet solutions aimed at scaling integrated financial products.
Bangor Savings Bank Joins American Fintech Council to Advance Embedded Finance
Bangor Savings Bank joined the American Fintech Council on April 22, 2025, to advance embedded finance solutions. The bank aims to leverage fintech partnerships for customer-centric banking, card payments, and digital tools including its Buoy Local® rewards app. The move signals growing community bank engagement with the embedded finance ecosystem.
Sponsor Bank Stearns Bank Joins American Fintech Council
Stearns Bank, a Minnesota-based sponsor bank offering embedded banking solutions through fintech partnerships, became a member of the American Fintech Council (AFC). The move underscores Stearns Bank's commitment to BaaS innovation, compliance, and risk management within the fintech-bank partnership ecosystem.
Infinant Announces Rapid Growth of Bank-Controlled BaaS Platform
Charlotte-based Infinant announced it doubled its bank clients in H1 2024, positioning its SaaS platform as a bank-controlled alternative to traditional BaaS middleware. The platform enables banks to launch embedded banking and digital brands without core migrations or external ledgering. Infinant offers native ACH, wires, card issuing, real-time settlement, and compliance tooling within bank controls.
American Fintech Council Expands Membership with Major BaaS Banks
The American Fintech Council announced a major membership expansion that includes multiple Banking-as-a-Service banks such as Evolve Bank & Trust, Portage Bank, and Customers Bank. The expansion signals broader industry consolidation around responsible fintech-bank partnerships. The AFC's growing membership reflects increased institutional engagement with BaaS governance and standards.