Vantage Bank selects Unit to fuel its embedded finance operations

By Gloria Mathias

Vantage Bank has selected Unit, the financial infrastructure platform to power its expansion into embedded finance and reach new communities.

Vantage Bank will utilize the Unit’s robust infrastructure platform and technology to partner with software companies to embed Vantage Bank’s financial services directly into their products and diversify its delivery channels. Vantage will also leverage Unit’s oversight tools, digital core offering, dashboard, and white-label UIs to streamline operations, manage risk, and enhance efficiency.

“We’re thrilled to work with Vantage Bank to offer technology that fosters deep customer relationships and powers embedded finance,” said Itai Damti, CEO and co-founder of Unit. “Together, we can build compliant and responsible financial solutions that better serve the unique needs of diverse industries.”

“Vantage Bank has spent considerable time and effort developing a robust governance framework to offer embedded finance,” said Jeff Sinnott, CEO at Vantage Bank.  “We’re excited to work with Unit as our embedded finance accelerator. Unit provides an industry-leading technology platform that will enable Vantage to reach new customers through partnerships with innovative and compliance-focused software companies.”

Over the past year, banks using the Unit platform have seen transaction volumes exceed $34 billion, and deposits surpass $1.1 billion. This collaboration will enable both entities to continue their commitment to responsible innovation and expanding financial access.

Vantage Bank is a family-owned $4.2 billion community bank headquartered in San Antonio, Texas.  The bank has full-service banking centres located in the Dallas-Fort Worth, El Paso, Houston, Laredo, Rio Grande Valley, and San Antonio markets.

Unit is the financial infrastructure platform that powers modern financial experiences. Unit provides digital banking technology and embedded finance solutions to enable banks and technology companies to launch next-gen bank accounts, cards, payments, and lending products. Unit is headquartered in New York City and Tel Aviv.