Treasury Prime

Treasury Prime is an embedded banking software platform offered by Treasury Prime, Inc. According to the vendor, this platform enables companies to quickly launch new financial products by connecting them to a network of banks and product partners. It caters to companies of all sizes, from seed stage to enterprise scale, and is utilized by various industries including fintech companies, neobanks, investment platforms, commercial banks, and retail fintech companies.

Key Features

Bank Accounts: According to the vendor, Treasury Prime allows companies to open interest-bearing FDIC-insured commercial and retail checking and savings accounts, as well as dedicated FBO accounts. It offers the ability to have multiple accounts per customer and customizable onboarding. Real-time reconciliation is also available to ensure accurate and up-to-date account information.

Embedded Payments: The platform empowers account holders to send and receive payments seamlessly, according to the vendor. It provides real-time visibility and controls for various payment methods such as ACH, wire transfers (domestic and international), bill pay, checks, remote deposit capture (RDC), and network transfers.

Debit Card Issuing: Companies can build their own white-label card program using Treasury Prime, as claimed by the vendor. This feature offers customizable controls and rewards, including premium cards, digital wallets, card controls, and an authorization loop for enhanced security and convenience.

Compliance: According to the vendor, Treasury Prime helps companies establish a tailored compliance program based on their size, use case, and complexity. It includes features such as risk assessment, due diligence, customer communications, and BSA/AML compliance to ensure regulatory compliance and mitigate risks effectively.

Partner Integrations: Treasury Prime allows companies to access a wide range of best-in-class product partners, according to the vendor. These partner integrations cover utilities, payments, compliance, and cards, enabling companies to offer comprehensive and seamless financial solutions.

Best-in-Class API: The vendor states that Treasury Prime provides a developer-friendly API with comprehensive documentation for seamless integration. It offers a sandbox for testing and various functionalities such as creating ACH transactions, listing transactions, making transfers, depositing checks, and checking account balances.

Enhanced FDIC Insurance: According to the vendor, Treasury Prime allows companies to extend FDIC insurance from $250K to tens of millions for each end-user account. This feature provides peace of mind to corporate depositors and ensures the protection and security of large deposits.

OneKey Banking: With Treasury Prime, companies can scale their deposit capacity and access multiple bank partners through a single ledger, according to the vendor. This feature streamlines account opening and management, enabling companies to work with multiple banks seamlessly.

Real-Time Reconciliation: Treasury Prime offers real-time reconciliations, as claimed by the vendor. This feature provides unmatched transparency and accuracy by allowing companies to reconcile transactions in real-time, ensuring up-to-date financial information.

Modular Platform: According to the vendor, Treasury Prime's modular platform supports various business models and scalability. It allows for best-in-class partner integrations and facilitates growth and adaptability by offering the option to extend the software platform and add a la carte products as needed.