Payment operations software platform Modern Treasury has partnered with Brico, the automated financial licensing platform, to facilitate embedded payments compliance.
This collaboration aims to simplify the process for joint customers to acquire and maintain the money transmission licences linked to their payment operations data and infrastructure.
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Modern Treasury’s payment platform will offer mutual clients an integrated solution, with licencing compliance handled by Brico.
Embedding payment solutions requires compliance expertise and licencing, auditability, and cost complexities, creating barriers for small and mid-market companies, the company stated.
Brico Head of GTM Molly Siems Cavanaugh said: “We know how difficult, costly, and manual it is to obtain and maintain the necessary financial licenses, especially when dealing with different rules across all 50 states.
“By partnering with Modern Treasury, we are creating new opportunities for clients to seamlessly stand up their own platforms correctly, in compliance, and with all the financial data they need.”
Modern Treasury co-founder and CEO Dimitri Dadiomov stated: “Brico is AI-first, and helps companies get the licensing they need to stand up payments where their customers want. And Modern Treasury provides the software to automate the operations of those payments.
“We look forward to working with Brico and helping future customers by getting their products and services to market faster. This partnership represents a step forward in our mission to modernize money movement and help companies meet the demands of the Instant Economy.”
Brico is known for its AI-powered licencing platform focuses on payments, cryptocurrencies, and stored-value services.
Founded in 2018 and based in San Francisco, Modern Treasury is a payment operations platform built for the “Instant Economy”.
The company’s platform assists businesses in managing money movement, tracking, and reconciliation in real-time.
