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Peter Sweeney
Peter Sweeney

News

May 30, 2024

1 min. read

Treasury Prime and Footprint Join Forces to Revolutionize Embedded Banking Security

In an era where financial fraud is more sophisticated than ever, banks and fintechs are racing to fortify their security frameworks without sacrificing user experience. That’s why the latest partnership between Treasury Prime, a leader in embedded banking software, and Footprint, a unified identity, fraud, and security platform, is a game-changer for the industry.

A Powerful Integration for Banks and Fintechs

Treasury Prime’s strategic integration with Footprint, now part of its Partner Marketplace, empowers banks and fintech companies with cutting-edge Know Your Customer (KYC) and Know Your Business (KYB) technology. This partnership arrives at a critical time when financial institutions are demanding more robust, seamless identity verification tools to protect their platforms and customers from fraud.

Mark Vermeersh, Chief Platform Officer at Treasury Prime, underscored the importance of this initiative: “Banks increasingly recognize that a robust KYC process is vital for fraud prevention, which includes securing the onboarding process through accurate and seamless identity verification.” By integrating Footprint’s technology, Treasury Prime is responding directly to its bank partners’ needs for more sophisticated onboarding solutions.

Footprint: Unifying Identity Verification for a Trust-Centric Future

The traditional approach to onboarding is often fragmented—banks and fintechs typically have to integrate separate UX solutions, backend KYC tools, and frontend fraud detection services. Footprint is changing the game by offering a unified platform that consolidates these functions into one streamlined solution.

Eli Wachs, CEO of Footprint, emphasized the significance of this integration: “Getting the onboarding process right is a vital first step for banks and fintechs to build trust with their customers. But today, it is often only accomplished by multiple point solutions. At Footprint, we’re enabling banks to solve their onboarding challenges so they can stop fraudsters, accurately verify identity, and ensure data is securely transferred—all in one unified platform.”

The Future of Embedded Finance

For fintechs and banks looking to streamline onboarding, eliminate fraud risks, and accelerate growth, Treasury Prime and Footprint’s collaboration signals a new era of trust-driven financial services.

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