Treasury Prime announces partnership with Plaid

By Edlyn Cardoza

Treasury Prime, one of the leading Banking-as-a-Service (BaaS) companies, announced a partnership with Plaid, the API-first data network powering the digital financial ecosystem, to deliver seamless integration between Treasury Prime-supported accounts and any external FinTech available via the Plaid ecosystem.

Leveraging a proprietary solution, the relationship allows Treasury Prime customers to link their accounts to a range of FinTechs – including Branch, Rocket Money, You Need a Budget, Qapital, and Betterment – to deliver payments all within a matter of seconds. No longer will customers have to repeatedly enter their account and routing numbers to complete the connection. This feature accelerates the transaction speed and delivers a better overall user experience.

“By working with Plaid, we are able to deliver a safe, secure and simplified payment system that every company in our network can leverage and that meets the demands of the changing payment landscape,” said Chris Dean, co-founder, and CEO of Treasury Prime.

The announcement of Treasury Prime’s integration with Plaid is the latest in a series of partnership announcements from the BaaS firm. The company recently announced acceptance into the Jack Henry Vendor Integration Program and the addition of FirstBank and Bangor Savings Bank to its one-of-a-kind bank network.

Treasury Prime is building the future of finance. Leveraging its APIs and versatile Banking as a Service (BaaS) products, Treasury Prime enables FinTechs, banks, and corporate partners to innovate, adapt, grow and scale to stay competitive in a rapidly changing marketplace. The company helps FinTechs with a range of complex services, including money transfer, risk mitigation, and access to a chartered bank’s infrastructure. Treasury Prime works with forward-thinking banks to extend their boundaries, helping to grow topline revenue and lower the cost of deposits.