Treasury Prime, a leading embedded banking software company, announced a new integration with ComplyCo to address the increasing trend of regulatory scrutiny in financial services.
The integration will enable banks to improve their oversight capabilities and will support fintechs in scaling their operations responsibly, reinforcing the overall integrity of the financial ecosystem.
“The burden of proof to demonstrate proper oversight and validate compliant environments is at unprecedented levels,” said Kyle Costello, Head of Partnerships at Treasury Prime. “We’re thrilled to partner with ComplyCo on a pioneering solution that will help banks and fintechs move from reactive compliance to a proactive, integrated approach. In most scenarios banks are still using manual processes to prove adherence to rules and regulations, so this integration will be a game changer to not only keep up with but stay ahead of regulatory changes and challenges.”
The Treasury Prime and ComplyCo integration enables the activity generated on Treasury Prime’s platform to feed directly into ComplyCo’s automated monitoring and analysis of compliance rules that affect each account on the platform. Compliance teams and other non-technical functions are often left behind when it comes to instant access to relevant information and this will allow ComplyCo's rule engine to use real-time activity data in Treasury Prime to validate compliance with applicable rules and regulations. This collaboration is especially relevant and in support of recent rulemaking activism we have seen on the part of the FDIC and other regulatory agencies, advancing responsible innovation that allows banks to grow digitally while maintaining its safety and soundness obligations.
“Partnering with Treasury Prime marks a significant milestone in ComplyCo’s journey to bring observability to compliance and beyond, and their direct integration approach aligns perfectly with our goals,” said Dmitry Gritskevich, CEO of ComplyCo. “This solution is not just about helping banks and fintechs keep pace with regulations—it's about setting a new standard that promotes transparency, efficiency, and trust. Fintechs will be able to monitor their environment for regulatory breaches and remediate proactively, while banks get real-time access to information which streamlines and scales their oversight efforts.”