MSBI - Midland States partners with Synctera to expand banking-as-a-service initiative

Midland States Bancorp (NASDAQ:MSBI) announced partnership with fintech firm Synctera to help it to focus on low-cost deposits and increase the number of customers using its payment solutions. "One of the goals of our technology investment over the past few years has been to position Midland to effectively compete in the Banking-as-a-Service (BaaS) space, and we are now well prepared to begin adding new fintech relationships and expanding our BaaS capabilities," said Peter Hazlehurst, CEO at Synctera.  With its partnership, Midland expects to broaden the number of fintechs with whom it can easily partner to grow revenues.

For further details see:

Midland States partners with Synctera to expand banking-as-a-service initiative