North Bay Credit Union Expands Sponsor Bank Activities With Braid Partnership

SANTA ROSA, Calif., October 22, 2024 (Ecnetnews.com)
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North Bay Credit Union (NBCU) announced that it has partnered with Braid, a payments and treasury management platform, to further expand its ability to sponsor fintech companies offering banking services to consumers and businesses.  

NBCU CEO Chris Call noted that the newly announced partnership will allow the credit union to leverage Braid’s technology to augment existing compliance infrastructure to scale its sponsor bank program. “We created a strong compliance culture through our long-term cannabis banking program,” says Call, “and the Braid platform builds on that culture to allow us to monitor the activities of our fintech client’s customers.” NBCU now provides Banking as a Service (BaaS) to multiple fintech companies across a variety of industries. 

Randy San Nicolas, CEO of Braid, notes, “NBCU is an innovator and is breaking new ground as a credit union in serving the needs of fintechs. Our collaboration with them provides a complete banking as a service package that fintech users will find comprehensive and easy to work with.”

About Braid
Braid empowers community financial institutions to unlock their full potential by providing the infrastructure needed to innovate and compete. We equip banks and credit unions with the ability to manage complex third-party programs entirely in-house, cutting out the need for middleware, BaaS, or external processors. With Braid, financial institutions can reclaim control, streamline operations, and drive new growth. Learn more at braidfi.com.

About North Bay Credit Union
NBCU has over $120 million in assets and offers a full range of loans, including mortgages, commercial loans, vehicle loans, home equity loans and agricultural loans. NBCU is an industry leader in both cannabis banking and fintech sponsorship. The credit union is federally insured by the NCUA.

Source: North Bay Credit Union