Following the announcement, the partnership is anticipated to broaden the availability of embedded banking to a wider range of community institutions and companies.
People Trust plans to utilize Treasury Prime’s platform to modernize its core banking services. The partnership may also explore integrating Treasury Prime’s front-end solution as a replacement for People Trust’s current online banking interface, with the goal of enhancing member experiences and boosting operational efficiency.
Key Points on the Partnership
Adopting Treasury Prime’s infrastructure will allow People Trust to strengthen its commitment to providing accessible, secure, and modern financial services to low- and moderate-income communities. The collaboration also aims at diversifying revenue streams, growing deposits, and expanding digital reach.
Moreover, the inclusion of People Trust highlights the increasing demand among community institutions for advanced embedded banking solutions. Treasury Prime’s direct-to-bank model enables organizations like People Trust to leverage fintech infrastructure without the need to develop complex technology in-house. This partnership intends to bring high-quality financial services directly to People Trust’s credit union members.
The overall focus will be on understanding and meeting the needs, preferences, and demands of clients while ensuring compliance with industry regulations.
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