Treasury Prime, an embedded banking software company, announced a strategic collaboration with Astra, a technology company that offers advanced instant payment solutions.
With Astra’s technology, Treasury Prime customers now “have access to instant account funding and instant disbursements via push-to-card capabilities.”
This feature marks a significant step forward in “streamlining payment processes for banks and enterprises.”
By enabling push-to-card transactions, Treasury Prime’s customers “can now provide their end-users with faster and more efficient funding options compared to traditional methods like ACH transfers.”
Through the partnership, Astra enables Treasury Prime’s customers “to elevate their customer experiences by facilitating swift account funding for end-users.”
Mark Vermeersch, Chief Platform Officer at Treasury Prime, 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.”
Gil Akos, co-founder and CEO at Astra, said:
“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.”
This partnership comes on the heels of Treasury Prime’s recent partnership announcements with Sardine and Checkout.com, “further building out the firm’s industry leading partner marketplace.”
Earlier this year, Treasury Prime introduced OneKey Banking, a multi-bank solution, and closed a successful $40 million Series C funding round.
As covered last month, Treasury Prime, a embedded banking software company, today announced its strategic partnership with Liberty Bank, N.A., a full-service commercial bank supporting markets across California, to offer innovative embedded banking solutions to customers in the fintech space.
Through the collaboration, Liberty Bank, N.A. will work “with businesses on the Treasury Prime platform to create new channels for end users to interact and consume its comprehensive suite of financial services, including Deposit Accounts, ACH, and Wires.”
