Treasury Prime, a banking software leader, has announced an integration with ComplyCo, a specialist in regulatory compliance.
This collaboration aims to enhance oversight capabilities within banks and support FinTechs in scaling operations responsibly.
The primary reason for the partnership is to address the rising trend of regulatory scrutiny in the financial services industry. By integrating their platforms, the two companies will enable banks to enhance their oversight capabilities and provide FinTechs with the tools needed to grow their operations while maintaining regulatory compliance.
Treasury Prime develops embedded banking software that allows banks to integrate their services directly with various business applications. Their platform is designed to streamline banking operations and enhance the functionality and accessibility of financial services.
ComplyCo specializes in providing regulatory compliance solutions that help financial institutions monitor and adhere to evolving regulations. Their automated monitoring and analysis tools are critical for banks to maintain compliance and operational integrity.
This integration between Treasury Prime and ComplyCo will allow real-time activity from Treasury Prime’s platform to feed into ComplyCo’s compliance rule engine. This will enable instantaneous monitoring and validation of compliance across each account, addressing the lag often seen in manual compliance processes.
The collaboration is timely, given the recent activism in rule-making by regulatory bodies such as the FDIC. It underscores a shift towards more proactive and integrated compliance measures in the banking sector, which is crucial for fostering responsible innovation and digital growth.
“The burden of proof to demonstrate proper oversight and validate compliant environments is at unprecedented levels,” said Kyle Costello, head of partnerships at Treasury Prime. “We’re thrilled to partner with ComplyCo on a pioneering solution that will help banks and fintechs move from reactive compliance to a proactive, integrated approach. In most scenarios banks are still using manual processes to prove adherence to rules and regulations, so this integration will be a game changer to not only keep up with but stay ahead of regulatory changes and challenges.”
“Partnering with Treasury Prime marks a significant milestone in ComplyCo’s journey to bring observability to compliance and beyond, and their direct integration approach aligns perfectly with our goals,” said Dmitry Gritskevich, CEO of ComplyCo. “This solution is not just about helping banks and fintechs keep pace with regulations—it’s about setting a new standard that promotes transparency, efficiency, and trust. Fintechs will be able to monitor their environment for regulatory breaches and remediate proactively, while banks get real-time access to information which streamlines and scales their oversight efforts.”
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