Treasury Prime, a leading embedded banking software company, announced its strategic partnership with regulatory advisory firm FS Vector. The partnership formalizes an existing relationship between the two companies and will bring FS Vector’s regulatory compliance training platform Headmaster™ to the Treasury Prime Partner Marketplace.
“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,” said Kyle Costello, head of partnerships at Treasury Prime. “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.”
As trusted advisors to banks, FS Vector helps build, launch, maintain and scale their Banking-as-a-Service (BaaS) platforms. As a partner to fintechs, the company provides hands-on assistance with services like obtaining bank partnerships, designing and building compliance programs, and licensing acquisition and maintenance.
“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,” said FS Vector Principal Justin Muscolino. “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.”
Headmaster provides comprehensive education, tracking, and regulatory updates for fintech companies. The platform also enables training development specific to a partners’ obligations and responsibilities, so if a requirement changes or a need arises to educate partners, it can push content out to all or a subset of partners’ employees.
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