back Back

Treasury Prime partners with Bangor Savings Bank to expand network

By Edlyn Cardoza

October 03, 2022

  • Bangor Savings Bank
  • Banking-as-a-Service
  • FB Financial Corp
Share

Bangor Savings Bank, Treasury Prime, Banking-as-a-Service, Bangor Savings Bank, Financial Services, Jack Henry Core, FB Financial Corp, FinTech, USATreasury Prime, a leading Banking-as-a-Service (BaaS) company, announced a partnership with Bangor Savings Bank to deliver its BaaS offerings to the bank and companies it partners with in the financial services industry.

By partnering with Treasury Prime, Bangor Savings Bank will be able to work with businesses to allow them to embed financial services into their platforms. For the Bank, this translates into expanded revenue opportunities and low-cost deposits. The addition of Bangor Savings Bank brings the total banks in the Treasury Prime bank network to 14, a key differentiator in the crowded BaaS market.

“Bangor Savings Bank’s long-held culture of innovation and deep technical experience makes them an ideal partner. By adding Bangor Savings to our one-of-a-kind network of banks, we’ll be able to help them quickly and cost-effectively support financial service partners,” said Chris Dean, co-founder and CEO of Treasury Prime. “For enterprises, this partnership means even greater flexibility as they look to innovate and scale.”

Bangor Savings Bank is one of the first banks on the Jack Henry core to leverage Treasury Prime’s BaaS offerings. News of this partnership comes just days after Treasury Prime announced similar relationships with another Jack Henry core bank, FB Financial Corp (FirstBank) and Third Coast Bank.

“We are thrilled to be part of the fintech movement and support the innovation and value they provide, while playing a vital part to ensure their success,” said Jamey Doughty, Chief Innovation Officer of Bangor Savings Bank. “Through this relationship the Bank can further support the good work of these financial partners by providing them with banking services to have an even broader community impact through their efforts.”

Previous Article

October 03, 2022

3 FinTech start-ups going multilingual to cater to regional India

Read More
Next Article

October 03, 2022

RAKBANK joins Arab Monetary Fund’s payment platform Buna

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Bangor Savings Bank

SMEs leverage cloud to gain competitive edge, study shows

Read More

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

Sopra Banking Software partners with Finom

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024