Green Dot has launched an embedded financial brand and services platform called Arc by Green Dot.
The new platform will provide businesses with a variety of embedded financial capabilities, including banking as a service (BaaS) and integrate Green Dot’s banking and cash processing solutions, the financial technology platform and registered bank holding company said on Tuesday (10 Announced on the 2nd of May). 22) Press release.
“Over the past few years, we have made significant investments in our platform, which enables us to build banking and payments tools more securely and efficiently,” Green Dot CEO George Gresham said in a release. Now we can offer it.”
“Introducing Arc to Green Dot’s portfolio of brands is an exciting milestone for us as we continue to improve and differentiate our embedded finance platform and capabilities, delivering seamless banking and payments solutions to more businesses. It becomes a stone.”
According to the release, Arc by Green Dot has already helped thousands of companies at every stage of growth.
The platform offers direct integration with Green Dot Bank, cloud-based technology that can be configured to meet a variety of needs and adapt as your business grows, and end-to-end banking services and program management, according to the release. I will.
“With Arc, our partners and their customers benefit from the stability and security of a registered bank, decades of experience in banking and embedded finance, and a flexible platform that can adapt as they grow. ” said the release.
The integration of application programming interfaces (APIs) is transforming financial services by embedding them into everyday digital interactions, according to a PYMNTS Intelligence and NCR Voyix joint study, Embedded Finance and BaaS: From Marketing Buzz to Banking Bedrock. I am.
The report found that 41% of financial institutions have adopted embedded financial solutions, and 48% are increasing their BaaS capabilities in response to this demand.
Gresham said in an April 15 press release that Kane joined Green Dot in April to support the company’s evolution as a “market-leading single-source embedded finance platform.”
“I look forward to supporting Green Dot in the ever-evolving fintech landscape and establishing the company as the market-leading single-source platform that enterprises rely on for embedded financial tools and services,” Kane said in the release. said.
See more: Arc by Green Dot, Banking, Banking-as-a-Service, Digital Banking, Embedded Finance, Financial Services, FinTech, George Gresham, Green Dot, Green Dot Bank, News, PYMNTS News, Latest Updates
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