Amesbury-based BankProv has partnered with financial technology company Synctera to give fintech developers in the cryptocurrency market a debit card program.
BankProv said in a statement today that it has partnered with Synctera, which offers back-end digital banking services, to expand options available through the banking-as-a-service product that BankProv offers to fintech companies. Synctera lets banking institutions build new lines of business by sponsoring fintech and generating new revenue streams, the statement said.
“BankProv and Synctera share the vision for a connected marketplace filled with opportunities for FinTech developers and customers to have more access and options for managing their money,” the statement said.
Synctera will provide a card program for the fintech that BankProv works with that offers cryptocurrency-related services, including exchange, deposits and payment services.
“Synctera is a trusted partner for community banks looking for solutions in taking their payments strategy to the next level,” Dave Mansfield, CEO of BankProv, said in the statement. “We are excited to enhance our BaaS business line by offering debit cards through the Synctera partnership.”
BankProv is the 11th community bank in Synctera’s marketplace, the statement said.
“We take pride that we built a lightweight, modern core system that gives banks the flexibility to support new fintechs in the most efficient way possible and offers control and insight into data for actionable knowledge and easy audits,” said Kris Hansen, Chief Technology Officer of Synctera. “Synctera looks forward to providing solutions to BankProv’s needs as it continues to expand its digital banking services and help more fintechs and customers access their cryptocurrency safer and easier.”






