The initial agreement was made with Vantage Bank, a full-service community bank with $4.2 billion in assets located in Texas.

The bank has chosen Unit's technology and financial infrastructure platform so that it may directly integrate its financial services with software businesses' offerings.

Vantage intends to optimize operations, mitigate risk, and boost productivity by utilizing the start-up's digital core, dashboard, white-label user interfaces, and supervision tools, according to Unit.

The bank has spent "considerable time and effort developing a robust governance framework to offer embedded finance," according to Vantage CEO Jeff Sinnott.

He continues by saying that Vantage would be able to "reach new customers" by forming alliances with software firms thanks to the cooperation with Unit, which he refers to as "our embedded finance accelerator."

Unit has also worked out a similar arrangement with Lincoln Savings Bank (LSB), an Iowa-based community bank that was established in 1902.

Unit adds that LSB will be able to "rapidly develop and launch new financial products by reducing complexity and streamlining operations" thanks to the bank's deployment of its integrated finance infrastructure, which it claims will also let it "connect with a diverse array of companies that serve a wide range of use cases."

Similar to Vantage, LSB intends to optimize product performance, efficiently monitor activities, and enhance user experiences by utilizing the vendor's oversight tools and data-driven insights.

Sean Willett, CEO of LSB, comments on the choice, saying, "We believe the future of finance is digital, connected, and embedded."

The announcement of the two new collaborations comes only months after Unit said it would be letting go of about 15% of its workforce due to "slower than expected revenue growth."