Unit, a leader in financial infrastructure, has formed a strategic partnership with Lincoln Savings Bank (LSB).
This alliance aims to boost LSB’s capabilities in embedded finance, enhancing its innovative edge in the financial sector.
Established in 1902, Lincoln Savings Bank has a storied history of community service. Over the last decade, LSB has been at the forefront of financial innovation, providing modern banking solutions to its customers and FinTech partners. Its partnership with Unit reaffirms LSB’s dedication to pioneering advanced embedded finance solutions.
Unit’s CEO and co-founder, Itai Damti, expressed enthusiasm about the partnership. “We’re excited to work with Lincoln Savings Bank to reach new digital communities. Our collaboration allows us to enable more companies to offer unique financial solutions. Together, we’re poised to deliver on our vision of expanding access to financial services and building a compliant, scalable digital financial services ecosystem.”
Through Unit’s robust suite of tools, LSB will be able to quickly develop and deploy new financial products, simplifying operations and managing increased transaction volumes efficiently. Unit’s scalable infrastructure and comprehensive compliance tools will enhance LSB’s regulatory processes and risk management.
Additionally, the partnership will allow LSB to tap into Unit’s extensive network, connecting with various companies across multiple sectors. Leveraging Unit’s data insights, LSB plans to optimize product performance, monitor activities, and improve user experiences, positioning itself to meet the dynamic needs of partners and customers.
Sean Willett, CEO of Lincoln Savings Bank, highlighted the digital future of finance. “We believe the future of finance is digital, connected, and embedded. We are excited to work with an industry-leading partner who is philosophically aligned in delivering modern financial solutions to customers in a thoughtful and compliant manner.”
This collaboration not only elevates Unit’s role in the embedded finance sector but also underscores LSB’s commitment to embracing technological innovations. As embedded finance continues to evolve, the partnership between Unit and LSB is set to create substantial value for businesses and end-users alike.
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