Treasury Prime Partners with KeyBank to Enhance Banking Services

San Francisco, CA – Treasury Prime, a leader in embedded banking solutions, has expanded its network by partnering with KeyBank, one of the largest banks in the U.S. This collaboration, announced on October 9, 2023, aims to drive innovation in banking services.

Through this strategic alliance, Treasury Prime will leverage KeyBank’s extensive banking infrastructure to provide financial institutions and fintechs with enhanced service offerings. This includes streamlined access to banking capabilities such as account management, payment processing, and lending services.

Treasury Prime CEO Christopher Dean emphasized the importance of this partnership. “KeyBank’s commitment to innovation aligns perfectly with our vision of making banking easier and more accessible for everyone,” he stated during the announcement. “Together, we can deliver cutting-edge solutions that meet the demands of today’s digital economy.”

The partnership is expected to facilitate increased financial inclusion by providing more consumers and businesses access to modern banking services. According to recent reports, nearly 7 million U.S. households remain unbanked, highlighting the need for solutions that address this gap.

KeyBank Executive Vice President and Head of Banking, Jill Lentz, shared her thoughts on the collaboration: “By joining forces with Treasury Prime, we are expanding our reach into the embedded banking space, allowing us to better serve our clients with innovative financial products.”

Both companies envision that this partnership will not only enhance service delivery but also foster new market opportunities for both institutions. The integration process is set to begin immediately, with plans to unveil new features in the coming months.

As embedded banking continues to grow, partnerships like this signify a shift toward more integrated financial experiences. With both firms having solid reputations in their respective fields, industry experts anticipate significant advancements will emerge from this collaboration.