Digital bank and fintech provider Green Dot has introduced an embedded finance brand and platform of services called Arc. This new unit integrates secure banking and money processing services into a single-source platform.
A survey conducted by Green Dot and Wakefield Research among 250 industry leaders revealed that 82% plan to increase their investments in embedded finance over the next three years, with nearly a quarter indicating they will significantly raise their spending.
Arc will provide firms with direct integration to Green Dot Bank, which includes FDIC-insured banking products and tools, as well as regulatory and compliance expertise. Companies will also benefit from cloud-based, modular, and scalable technology designed to meet diverse business needs. Additionally, Arc offers end-to-end banking services and program management supported by enterprise-grade APIs, ensuring partners have access to customer support, fraud protection, and one of the largest retail deposit and ATM networks in the U.S.
Renata Caine, GM of BaaS at Green Dot, stated, “Embedded finance is transforming banking as we know it, offering consumers greater value and convenience while enabling businesses to engage customers in more meaningful ways. With Arc, our partners and their customers can benefit from the stability and security of a registered bank, decades of experience in banking and embedded finance, and a flexible platform that can adapt as they grow.”