The Bank Slate


First Internet provides update on BaaS platform

First Internet Bancorp in Fishers, Ind., has made progress with several fintech clients as it ramps up its Banking-as-a-Service platform.

The $4.3 billion-asset company said in a press release that, during the fourth quarter, it went live with Increase and it provided payments services for Ramp’s small business bill pay product.

First Internet also said it expects its partnership with Treasury Prime to be fully implemented in the first quarter with the first associated fintech program to be onboarded in the second quarter.

Two other fintechs are in the pilot phase, with four approaching that step. Another fintech is in due diligence.

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