Collaborative Endeavors: Infinant Joins Forces with Vantage, Reinforces Customer Relationships
In a significant move, digital banking solutions provider Infinant has announced partnerships with two prominent financial institutions – Vantage Bank and Customers Bank.
Based in San Antonio, Texas, Vantage Bank serves diverse communities throughout the Lone Star State with assets totalling $4.5 billion. The bank will leverage Infinant's platform to power its embedded banking business, Vantage Collabs. This partnership is set to enable full, end-to-end automation, improved partner reporting, and enhanced oversight.
Customers Bank, a self-described "super-community bank" based in Pennsylvania, was founded in 2009. With over $22 billion in assets, it ranks among the largest US bank holding companies. This collaboration will allow Customers Bank to automate balance mirroring with deposit partners like Raisin US, further streamlining its operations.
Infinant, headquartered in Charlotte, North Carolina and founded in 2020, provides financial institutions with technology for launching and scaling digital channels, embedded banking programs, and embedded payments. At a recent event, Infinant showcased its Interlace platform and launch-acceleration tools, demonstrating how they empower banks to distribute financial products via non-financial institution providers and fintechs through their banking channels.
Riaz Syed, Infinant's CEO, expressed his motivation about the partnerships, stating that they share strategies to advance the banking market in a responsible and sustainable manner. Infinant's platform gives banks operational and regulatory control over their programs, and its APIs facilitate fast integrations with third-party services such as Visa DPS, Sardine, NICE Actimize, and Cable.
These partnerships mark a significant step forward for Infinant, Vantage Bank, and Customers Bank as they continue to innovate and adapt in the ever-evolving digital banking landscape. For more precise and up-to-date details on these partnerships, checking Infinant’s official communications or press releases would be recommended.
[Image credit: Daniel Weiss on Unsplash]
- Infinant's partnership with Vantage Bank and Customers Bank demonstrates their commitment to leveraging digital technology in the finance industry, specifically through embedded finance and digital banking solutions.
- The collaboration between Infinant and these financial institutions aims to enhance the digital banking experience by automating processes, improving partner reporting, and providing better oversight for both parties.
- As the digital banking landscape continues to evolve, Infinant's platform serves as a strategic advantage for financial institutions, allowing them to launch and scale digital channels, embed financial products, and integrate with third-party services in a sustainable and responsible manner.
