Treasury Prime and FS Vector announced strategic partnership

Partnership brings FS Vectorā€™s Headmaster training platform to the Treasury Prime Partner Marketplace
BusinessWireJune 24, 20244 min

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 Vectorā€™s regulatory compliance training platform Headmasterā„¢ to the Treasury Prime Partner Marketplace.

ā€œFS Vectorā€™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,ā€ said Kyle Costello, head of partnerships at Treasury Prime. ā€œWith sponsor banks more focused on compliance than ever, weā€™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.ā€

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.

ā€œSuccessful BaaS relationships hinge on a shared understanding of and respect for the compliance obligations that a bank and their fintech program are subject to,ā€ said FS Vector Principal Justin Muscolino. ā€œOur 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.ā€

HeadmasterĀ provides comprehensive education, tracking, and regulatory updates for fintech companies. The platform also enables training development specific to a partnersā€™ 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 partnersā€™ employees.

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