Collaborative Endeavors: Infinant Joins Forces with Vantage, Steps Up Bond with Clients
In the ever-evolving world of digital banking, Infinant, a Charlotte-based fintech founded in 2020, has made a significant mark. Recently, Infinant has formed strategic partnerships with Vantage Bank and Customers Bank, two prominent players in the banking industry.
The partnership with Vantage Bank sees Infinant powering the embedded banking business, Vantage Collabs, for the Texas-based bank. This collaboration enables seamless integration of banking services within non-bank environments, streamlining banking capabilities for third-party service providers or partners.
Meanwhile, Customers Bank, a self-proclaimed "super-community bank" with over $22 billion in assets, has deepened its partnership with Infinant. The focus is on automating balance mirroring with deposit partners, such as Raisin US, enhancing operational efficiency in their embedded banking ecosystem.
Infinant's platform offers banks operational and regulatory control over their programs, a key factor in the strategic partnerships. The platform also boasts fast integrations with third-party services like Visa DPS, Sardine, NICE Actimize, and Cable, thanks to its APIs.
Infinant's role as a digital banking solutions provider with expertise in embedded finance positions them as a key technology enabler for banks looking to innovate beyond traditional banking models. The company made its Finovate debut in 2024, indicating its recent emergence and growing prominence in the fintech space.
Vantage Bank, headquartered in San Antonio, Texas, serves businesses, families, and financial institutions in diverse communities throughout the state. Customers Bank, founded in 2009, provides banking and lending services in Florida, Illinois, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, and Texas.
Infinant's partnerships with both Vantage Bank and Customers Bank are positively impacting their embedded banking businesses. The collaborations showcase Infinant's ability to enable full, end-to-end automation, improved partner reporting, and enhanced oversight, leading to better risk management and customer experience.
The partnerships do not appear to be connected to Infinity Fincorp, a separate Mumbai-based MSME lender involved in a majority stake deal with Partners Group.
Infinant has previously secured $15 million in Series A funding and made its platform debut at platformFall 2024, in New York. At the event, Infinant demonstrated how its Interlace platform and launch-acceleration tools empower banks to distribute financial products via non-financial institution providers and fintechs through their banking channels.
Infinant's strategic partnerships with Vantage Bank and Customers Bank underscore its commitment to advancing the banking market in a responsible and sustainable manner. These collaborations are set to redefine the landscape of digital banking and embedded finance.
Infinant's strategic partnerships with Vantage Bank and Customers Bank, two established players in the banking industry, are leveraging Infinant's expertise in embedded finance to advance their digital banking businesses. The collaborations are enhancing operational efficiency, streamlining banking capabilities for third-party service providers, and redefining the landscape of digital banking and finance.
