Priya Patel
TLDR: Treasury Prime, an embedded banking software company, is supporting a new strategic partnership between FirstBank and High Circle. High Circle is offering a financial technology platform that provides access to commercial checking accounts issued by FirstBank and up to $125 million FDIC insurance through the Intrafi network. The partnership aims to provide tailored, cutting-edge financial services to high-net-worth individuals and businesses.
Treasury Prime, an embedded banking software company, is powering a new strategic partnership between FirstBank, a Tennessee Corporation, Member FDIC, and High Circle, a banking and investment platform. The partnership aims to provide tailored, cutting-edge financial services to high-net-worth individuals and businesses.
High Circle is offering a financial technology platform that provides access to commercial checking accounts issued by FirstBank and up to $125 million FDIC insurance through the Intrafi network. These accounts offer FDIC-insured coverage, an attractive annual percentage yield of up to 4.00%, and ACH and wire transfer capabilities. Clients will also be able to access High Circle’s rewards program to earn incentives based on deposit activity.
High Circle plans to unveil additional initiatives in partnership with Treasury Prime and FirstBank, including personal banking products and a unified platform for cash reserves. Hemanth Golla, founder and CEO of High Circle, said the partnership aims to redefine how high-net-worth individuals engage with their wealth.
Wade Peery, Chief Innovations Officer of FirstBank, expressed excitement about the partnership and the opportunity to provide a seamless, secure, and innovative way for High Circle customers to manage their wealth. Jeff Nowicki, VP of Banking at Treasury Prime, highlighted the transformational potential of their multi-bank network to enhance financial experiences.
