Search Results for "First Bank"
20 results for "First Bank"
Deals 20
Neo Financial Raises $68.5M to Expand Canadian Digital Banking Platform
Neo Financial, a Canadian digital-first banking and financial products company, raised $68.5M in equity funding. The round supports the launch of a securitization program and continued platform expansion. Neo Financial offers embedded banking products in the Canadian market.
Atlantic Merchant Services and First Bank Partner on Payment Processing
Atlantic Merchant Services, a Payroc subsidiary, and Virginia-based First Bank announced a strategic partnership effective January 1, 2025. The deal provides customized payment processing solutions for First Bank's clients. It emphasizes secure payment infrastructure and localized support, aligning with embedded finance concepts where banks partner with platforms to deliver financial services.
First Bank of the Lake Partners with Infinant for White-Label Banking
First Bank of the Lake partnered with Infinant to launch a white-label banking product for fintech firms and businesses. The program leverages Infinant's Interlace platform to enable partners to offer branded financial services under their own brand. The bank also hired Ana Liza Grandner and Phil Bianco to lead the initiative, emphasizing bank-owned compliance over traditional BaaS models.
Fibabanka Launches Turkey's First BaaS Platform with GetirFinans
Fibabanka, a Turkish digital bank, launched what it claims to be Turkey's first Banking-as-a-Service platform in October 2024. Fintech startup GetirFinans was announced as the platform's first partner. The launch marks a significant milestone for embedded finance in the Turkish market.
First Bank Goes Live on Backbase Engagement Banking Platform
First Bank implemented Backbase's Engagement Banking Platform, going live on December 14, 2023. The platform unifies core banking, fraud, payments, and fintech integrations. It enables seamless digital experiences across retail, business, and wealth management services.
Quontic Bank Launches Alkami Digital Banking Platform
Quontic Bank selected and launched Alkami's digital banking platform to enhance account opening, analytics, and partner ecosystem integration. The move strengthens Quontic's digital-first banking capabilities. Alkami provides the technology infrastructure for Quontic's customer-facing digital experience.
Griffin Announces Senior Hires to Expand BaaS Platform in UK
Griffin, the UK-based API-first bank and full-stack BaaS platform, announced key senior hires to advance its embedded finance capabilities. The appointments signal Griffin's push to scale its Banking-as-a-Service offering in the UK market. This strengthens Griffin's position as a purpose-built BaaS bank competing for fintech partnerships.
India's Slice Merges with North East Small Finance Bank After RBI Approval
Indian fintech unicorn Slice received Reserve Bank of India approval to merge with North East Small Finance Bank, creating a combined digital-first banking entity. The deal is one of the rarest instances of a fintech acquiring a banking license through merger in India. At least $125 million in new investor commitments followed the announcement.
US Community Banks Rapidly Expanding Fintech BaaS Partnerships in 2023
Traditional community banks, including First Bank, are increasingly partnering with fintechs through white-label BaaS programs, with some banks maintaining up to a dozen fintech relationships. A Cornerstone Advisors report found 66% of US banks had partnered with at least one fintech. Revenue sharing and technology upgrades are driving adoption despite heightened regulatory scrutiny.
InCore Bank Integrates Entris Banking for White-Label Crypto Trading and Custody
InCore Bank successfully integrated the first bank from Entris Banking Group for cryptocurrency trading and custody via its white-label digital asset banking platform. The partnership enables Entris member banks to offer regulated crypto services without building proprietary infrastructure. This highlights growing BaaS adoption in digital asset banking in Switzerland.
Treasury Prime Partners with FirstBank for BaaS Embedded Finance
Treasury Prime announced a BaaS partnership with Tennessee-based FirstBank (FB Financial Corp), a $12.7 billion asset bank. The deal enables FirstBank to offer embedded finance solutions to fintechs, payments firms, and InsureTech clients via Treasury Prime's API platform. FirstBank is the first bank on a Jack Henry core to leverage these solutions.
Grasshopper Bank Relaunches With Fintech Partnerships Including Treasury Prime
Grasshopper Bank relaunched with new leadership and technology, highlighting partnerships with BaaS enablers like Treasury Prime to serve underserved small businesses and fintech platforms. The relaunch positions Grasshopper as a digital-first bank offering BaaS capabilities. The move addresses growing demand from fintechs seeking sponsor bank relationships.
Silicon Valley Bank and Plaid Partner on Tokenized ACH Payment Solutions
Silicon Valley Bank and Plaid announced a partnership to provide tokenized payment solutions, making SVB the first bank to offer ACH account token integration with Plaid. The collaboration gives fintech innovators access to an integrated payment processing solution. It combines SVB's banking infrastructure with Plaid's account connectivity capabilities.
Mercury Financial Extends Sponsor Bank Partnership with First Bank & Trust Through 2025
Mercury Financial extended its sponsor bank partnership with First Bank & Trust (FB&T) through 2025, supporting the expansion of its digital financial services for near-prime customers. FB&T serves as the bank issuer and payment model behind Mercury's fintech platforms. The renewal signals long-term commitment to the embedded finance relationship.
Community First Bank Selects Q2 Digital Banking Platform
Community First Bank selected Q2 Holdings' digital banking platform to support lending and wealth management capabilities. The partnership enables the bank to modernize its digital services for customers and fintech partners. It reflects the growing trend of community banks adopting fintech-powered platforms to remain competitive.
Nymbus CUSO Secures $5M Financing for Credit Union BaaS
Nymbus CUSO, a BaaS-adjacent platform serving credit unions, secured $5 million in new financing on June 15, 2021. The funding supports Nymbus's efforts to help credit unions launch digital-first banking products. The round highlights growing demand for BaaS solutions beyond traditional fintech-bank partnerships.
Visa Launches Fintech Partner Connect for Embedded Finance Solutions
Visa launched its Fintech Partner Connect program to help banks and financial institutions access Visa-certified fintech providers for embedded finance capabilities. The program includes partners like Alloy, Jumio, and Onfido, offering digital-first banking, payments, and account opening solutions. It aims to reduce costs and complexity for issuing partners building seamless digital experiences.
TAB Bank Launches Real-Time Payments with Volante Technologies
TAB Bank partnered with Volante Technologies to launch real-time payments capabilities, enhancing its digital banking services for SME clients. The integration enables TAB Bank to process instant payments, improving cash flow management for small and medium businesses. This partnership highlights how community and digital-first banks are leveraging fintech infrastructure to compete with larger institutions.
Visa and ICICI Bank Partner to Accelerate Fintechs via Visa in a Box
Visa and ICICI Bank announced a partnership under Visa's 'Visa in a Box' fintech acceleration program in India. ICICI Bank became the first bank to join the initiative, offering fintechs access to APIs and developer sandboxes to rapidly build and deploy consumer payment applications. Under the partnership, ICICI Bank launched co-branded prepaid cards with three fintechs across business banking and neo banking sectors.
Google Partners with 11 Banks to Launch Plex Mobile Bank Accounts
Google announced partnerships with 11 banks and credit unions to launch Plex, a mobile-first bank account product expected in 2021. Partners include Citi, BBVA, and Green Dot. The initiative represents one of the most significant big tech entries into embedded banking, leveraging Google's platform reach with traditional bank infrastructure.