Company Market Research Report:

Treasury Prime, Inc.

Company Overview

• Name: Treasury Prime, Inc.

• Mission: Build API banking technology that improves the economics of banking to empower transformative financial services.

• Founded: No information is available

• Founders: No information is available

• Key People:

• Chris Dean, Co-founder & CEO

• Remy Carole, Chief Operating Officer

• Mike Clarke, Chief Product Officer

• Jeff Nowicki, Chief Banking Officer

• Sheetal Parikh, General Counsel & Chief Compliance Officer

• Meghan Ryan, Chief Financial Officer

• Mark Vermeersch, Chief Platform Officer

• Carlos Armas, Vice President of Technical Operations

• Danny Cepin, VP of Business Development

• Brandi McVay, Chief People Officer

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Providing modern embedded banking services through API banking technology and direct partnerships with banks and fintech companies.

Products

Embedded Banking Products

• Embed Deposit Accounts:

• Description: Supports a variety of account structures, including checking, escrow, IRAs, HRAs, and more.

• Key Features: Secure, FDIC-insured accounts, custom account onboarding, enhanced FDIC insurance.

• Embed Payments:

• Description: Enables a wide range of payment capabilities, including ACH, wires, checks, and more.

• Key Features: Real-time visibility and controls, support for various payment rails such as ACH, wire, bill pay, checks, mobile deposits.

• Issue Cards:

• Description: Allows issuance of customizable virtual and physical debit cards.

• Key Features: Customizable cards, mobile wallet functionality, white-label card programs, reward options, and card controls.

• Dashboard + PrimeData:

• Description: Provides complete control and visibility into activities on the platform via the Treasury Prime app.

• Key Features: Direct database access, seamless monitoring and reporting, comprehensive compliance toolkit.

Recent Developments

• New Products Launched:

• Enhanced FDIC Insurance: Enabled interest-bearing enhanced FDIC sweep accounts.

• FedNow Integration: Planned integration, powered by Narmi.

• White-Label Online Banking Experience: Launching faster with a lightweight online banking frontend.

• Early ACH: Enabled posting of incoming ACH payments up to two days early at select partner banks.

• Improved Features:

• Improved API Documentation & Guides: Enhanced with faster, clearer documentation and built-in AI.

• New Console: Rebuilt console for banks and fintech developers.

• Enhanced KYC Parameters: Added new parameters (e.g., provider, provider_full) to KYC endpoint for better data management.

• Partnerships:

• OMB Bank: Partnership to provide innovative embedded banking solutions to fintech customers.

• Effectiv: Integration to bring fraud detection capabilities to enterprises and banks.

• Astra: Integration to bring real-time payment capabilities to customers.

• Sardine: Partnership to strengthen fraud detection capabilities for enterprises and banks.

Conclusion

Treasury Prime is a leader in embedded banking services, facilitating direct relationships between banks and fintechs while providing robust API banking technology to streamline financial services. By continually enhancing their platform and establishing strategic partnerships, Treasury Prime positions itself as a pivotal player in the financial services industry.