back Back

The Bancorp announces new banking services partnership with Current

By Pavithra R

July 28, 2021

  • America
  • The
Share

The Bancorp announces new banking services partnership with CurrentThe Bancorp Bank, the wholly-owned banking subsidiary of The Bancorp, announced its newly-established banking services partnership with New York-based leading challenger bank Current serving Americans working to create a better future for themselves.

The Bancorp offers tailor-made solutions to meet the unique needs of several top financial technology services providers throughout the country and this new collaboration enables Current to further its mission to improve the financial lives of even more Americans.

“At Current, we’re committed to building inspirational and motivational products that solve real problems for our members and having the right banking partner is a critical part of that. We look forward to working with The Bancorp as we continue to innovate and enable even more people to improve their financial outcomes,” said Stuart Sopp, Current CEO and Founder.

Through the alliance with The Bancorp, new Current members will receive an enhanced suite of services across its entire product line, including its basic, premium and teen accounts. The Bancorp will provide back-end banking services and card issuing sponsorship, enabling Current members to access their funds through both physical and virtual debit cards.

“We are honored to have the opportunity to partner with Current and support them in the next evolution of their growth. This business collaboration showcases another opportunity for us to bring together technology and innovation from the industry’s leading fintech organizations with The Bancorp’s depth and experience in providing back-end banking services,” said Ryan Harris, EVP and Head of Fintech Solutions at The Bancorp.

Founded in 2015, Current focuses on creating better financial outcomes for people and their unique lives. Its custom-built banking technology platform Current Core makes this possible by providing greater stability, faster money and cost efficiencies that are passed on to its community of members. The firm is backed by investments from Andreessen Horowitz, Tiger Global Management, TQ Ventures, Avenir, Sapphire Ventures, Foundation Capital, Wellington Management, QED Investors and EXPA.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Article

July 28, 2021

Top 3 Cryptocurrency Applications for public trading

Read More
Next Article

July 28, 2021

Worldline & STAAH partner to provide Next Gen Payment Gateway

Read More

IBSi Prime News

Week roundup

October 18, 2021

America

The Monday Roundup: what we are watching this week

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Commercial Bank of Dubai and Infinios announce strategic partnership

Read More

Today

Westerra Credit Union partners with Backbase to transform members’ digital experience

Read More

October 18, 2021

ilumoni launches on iOS and Android after £1.63m investment

Read More

Related Reports

Pages

Bank-wide
Sales League Table Report 2021

£1,500 / year

Know More

Pages

Market Reports
US Financial Services Technology Report 2021

£1,500 / year

Know More

Pages

Retail Banking
The Future of Digital Banking Report 2021

£1,500 / year

Know More

Pages

Wealth Management
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More

Pages

Wholesale Banking
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More