Treasury Prime, a frontrunner in embedded banking software, and Astra, a pioneer in advanced instant payment technology, have announced a new strategic collaboration.
The alliance aims to provide Treasury Prime customers with real-time payment capabilities. Leveraging Astra’s cutting-edge tech, users of Treasury Prime can now enjoy instant account funding and rapid disbursements through push-to-card features. This initiative signifies a monumental leap in refining payment procedures for banks and enterprises.
Renowned for crafting the finance of the future, Treasury Prime utilises its acclaimed APIs and varied embedded banking products to empower banks and business partners. They focus on innovation, adaptability, and scalability, offering a multitude of services like money transfers, risk control, and access to the infrastructure of chartered banks. With accolades like the Best Banking-as-a-Service Platform and a position in CB Insights’ 2021 Fintech 250 list, they stand as a beacon of progress in the financial realm.
Based in San Francisco, Astra stands as a top-tier provider of advanced bank-to-bank transfer technology. Serving financial institutions, FinTechs, and businesses, they’ve been a force in the industry since 2016. Their proprietary API grants developers the tools to effortlessly incorporate financial automation into pre-existing products.
This collaboration follows Treasury Prime’s earlier partnership announcements with Sardine and Checkout.com, further expanding its leading partner marketplace. Earlier in 2023, the company unveiled OneKey Banking, a novel multi-bank solution, and celebrated the close of a triumphant $40m Series C funding round.
Treasury Prime Chief Platform Officer Mark Vermeersch said, “The speed, efficiency, and accessibility of Astra’s transfer technology, coupled with our embedded finance marketplace, stand to transform the way businesses and end users conduct transactions, paving the way for a more dynamic and connected financial landscape.”
Astra’s co-founder and CEO Gil Akos stated, “Instant payments technology represents the future of financial transactions, offering instant access to funds with heightened efficiency, security, and convenience. Through this collaboration with Treasury Prime, we look forward to empowering businesses to embrace the power of instant transactions, driving growth, enhancing customer experiences, and fostering financial inclusion.”
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