Treasury Prime, a leading embedded banking software company, announced today the addition of Greenlite to the Treasury Prime Partner Marketplace. Banks in Treasury Prime’s network now have the option to leverage Greenlite to help scale their anti-money laundering (AML) and risk management programs by automating repetitive workflows.
“As the regulatory landscape grows more complex, managing all aspects of compliance is a crucial factor for banks as they evaluate investments in embedded banking programs,” said Chris Dean, CEO of Treasury Prime. “Our Bank-Direct approach means that banks maintain oversight of their fintech partnerships, including compliance oversight. The addition of Greenlite to our partner marketplace empowers banks in our network to scale compliance without simply adding headcount. They also benefit from onboarding embedded fintech partners faster while maintaining high standards of review quality.”
Greenlite provides financial institutions regulated by the OCC, SEC and FDIC the ability to automate rigorous customer due diligence with generative AI. Its platform augments risk and empower compliance teams with intelligent AI workflows, allowing financial institutions to onboard, periodically review, and investigate more business customers with ease.
“Over the past few years, we’ve seen a troubling rise in AML-related consent orders, underscoring a critical issue: compliance teams are stretched thin and overwhelmed,” said Will Lawrence, CEO of Greenlite. “By partnering with Treasury Prime, we’re able to bring more banks access to AI-driven solutions that will help them automate repetitive workflows like customer due diligence, alert handling and third-party risk management. This will ultimately enable banks to quickly scale their embedded banking programs while staying on top of regulatory requirements.”
For more information about Treasury Prime, visit www.treasuryprime.com. To learn more about Greenlite, please visit greenlite.ai.
