Treasury Prime and FS Vector team up to enhance BaaS compliance

Treasury Prime and FS Vector team up to enhance BaaS compliance

Treasury Prime, a leading embedded banking software company, and FS Vector, a regulatory advisory firm, have announced a strategic partnership.

This partnership will integrate FS Vector’s regulatory compliance training platform, Headmaster™, into the Treasury Prime Partner Marketplace.

The partnership aims to enhance the compliance capabilities of FinTechs and banks within Treasury Prime’s network. With increased focus on compliance, this collaboration will provide valuable training resources and ensure reliable consulting support when needed.

Treasury Prime facilitates seamless connections between banks and enterprise partners, offering embedded banking software and a robust partner marketplace. FS Vector specialises in building, launching, and scaling Banking-as-a-Service (BaaS) platforms, providing compliance support and regulatory training.

Through this partnership, Treasury Prime will offer FS Vector’s Headmaster platform, which provides comprehensive regulatory education and tracking for fintech companies. The platform ensures that fintechs are well-prepared for compliance obligations, fostering successful BaaS relationships.

Treasury Prime head of partnerships Kyle Costello, said, ““FS Vector’s team has worked with fintechs and banks in Treasury Prime’s network over the past few years and has played a vital role in ensuring they are ready for their BaaS journey.

“With sponsor banks more focused on compliance than ever, we’re thrilled to officially partner with FS Vector to bring valuable compliance training resources to our network and peace of mind for our customers that a reliable consulting firm is ready to step in when needed.”

FS Vector Principal Justin Muscolino highlighted the importance of compliance in BaaS relationships. ““Successful BaaS relationships hinge on a shared understanding of and respect for the compliance obligations that a bank and their fintech program are subject to.

“Our Headmaster platform provides fintechs with the education that sets these relationships up for success in a cost-effective way. We believe that compliance and risk management training should be something that employees enjoy taking, and with the Headmaster, fintechs have a user-friendly platform that makes training relevant, accurate and role-specific.”

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