Treasury Prime, a San Francisco-based banking software company, has announced a new integration with ComplyCo to improve regulatory compliance oversight for banks and fintechs, the companies said. The partnership aims to address increasing regulatory scrutiny in financial services by enabling real-time monitoring and analysis of compliance rules.
The integration allows activity data from Treasury Prime’s platform to feed directly into ComplyCo’s automated monitoring system, validating compliance with applicable rules and regulations. This approach is designed to help financial institutions move from reactive to proactive compliance management.
“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,” said Kyle Costello, head of partnerships at Treasury Prime.
The collaboration comes in response to recent regulatory changes, including rulemaking by the FDIC, aimed at promoting responsible innovation in digital banking while maintaining safety and soundness obligations.
