Green Dot Debuts Embedded Finance Brand and Platform of Services, Arc by Green Dot
Green Dot (NYSE: GDOT) has launched Arc by Green Dot, a comprehensive embedded finance platform offering banking as a service (BaaS) capabilities. Arc combines Green Dot's secure banking and money processing solutions on a modern, single-source platform, designed to boost retention, value, and expansion for companies at various growth stages.
A recent survey of 250 industry leaders revealed that 82% plan to increase investments in embedded finance over the next three years. The study highlighted key benefits, including revenue growth and improved customer experiences, as well as potential risks such as regulatory compliance and security concerns.
Arc by Green Dot offers direct integration with Green Dot Bank, cloud-based and scalable technology, and end-to-end banking services supported by enterprise-grade APIs. The platform aims to provide partners with FDIC-insured banking products, regulatory expertise, and comprehensive customer support.
Green Dot (NYSE: GDOT) ha lanciato Arc by Green Dot, una piattaforma di finanza integrata completa che offre capacità di banking as a service (BaaS). Arc combina le soluzioni sicure di banking e elaborazione dei pagamenti di Green Dot su una piattaforma moderna e a fonte singola, progettata per aumentare la retention, il valore e l'espansione delle aziende in diverse fasi di crescita.
Un recente sondaggio tra 250 leader del settore ha rivelato che l'82% prevede di aumentare gli investimenti nella finanza integrata nei prossimi tre anni. Lo studio ha evidenziato vantaggi chiave, inclusi la crescita dei ricavi e il miglioramento delle esperienze dei clienti, così come rischi potenziali come la conformità normativa e le preoccupazioni per la sicurezza.
Arc by Green Dot offre integrazione diretta con Green Dot Bank, tecnologia basata su cloud e scalabile, e servizi bancari end-to-end supportati da API di livello enterprise. La piattaforma mira a fornire ai partner prodotti bancari assicurati dalla FDIC, competenze normative e supporto clienti completo.
Green Dot (NYSE: GDOT) ha lanzado Arc by Green Dot, una plataforma integral de finanzas integradas que ofrece capacidades de banking as a service (BaaS). Arc combina las soluciones seguras de banca y procesamiento de dinero de Green Dot en una plataforma moderna y de fuente única, diseñada para impulsar la retención, el valor y la expansión para empresas en diversas etapas de crecimiento.
Una reciente encuesta a 250 líderes de la industria reveló que el 82% planea aumentar las inversiones en finanzas integradas en los próximos tres años. El estudio destacó beneficios clave, incluyendo el crecimiento de ingresos y la mejora de las experiencias del cliente, así como riesgos potenciales como el cumplimiento normativo y las preocupaciones de seguridad.
Arc by Green Dot ofrece integración directa con Green Dot Bank, tecnología escalable basada en la nube, y servicios bancarios de extremo a extremo respaldados por APIs de nivel empresarial. La plataforma tiene como objetivo proporcionar a los socios productos bancarios asegurados por la FDIC, experiencia regulatoria y un apoyo completo al cliente.
Green Dot (NYSE: GDOT)는 Arc by Green Dot를 출시했습니다. 이는 서비스로서의 은행업(BaaS) 기능을 제공하는 포괄적인 내장 금융 플랫폼입니다. Arc는 Green Dot의 안전한 은행 및 자금 처리 솔루션을 현대적이고 단일 소스 플랫폼에서 결합하여 다양한 성장 단계에 있는 기업의 유지, 가치 및 확장을 촉진하도록 설계되었습니다.
최근 250명의 업계 리더를 대상으로 한 설문 조사에서 82%가 향후 3년 동안 내장 금융에 대한 투자를 증가할 계획이라고 밝혔습니다. 이 연구는 수익 성장 및 고객 경험 개선과 같은 주요 이점을 강조했으며, 규제 준수 및 보안 우려와 같은 잠재적 위험도 언급했습니다.
Arc by Green Dot는 Green Dot Bank와의 직접 통합, 클라우드 기반 및 확장 가능한 기술, 엔드 투 엔드 은행 서비스를 엔터프라이즈급 API로 지원합니다. 이 플랫폼은 파트너에게 FDIC 보험에 가입된 은행 제품, 규제 전문 지식 및 포괄적인 고객 지원을 제공하는 것을 목표로 합니다.
Green Dot (NYSE: GDOT) a lancé Arc by Green Dot, une plateforme de finance intégrée complète offrant des capacités de banking as a service (BaaS). Arc combine les solutions de banque sécurisée et de traitement de l'argent de Green Dot sur une plateforme moderne et à source unique, conçue pour renforcer la fidélisation, la valeur et l'expansion des entreprises à divers stades de croissance.
Une enquête récente auprès de 250 leaders du secteur a révélé que 82% prévoient d'augmenter les investissements dans la finance intégrée au cours des trois prochaines années. L'étude a mis en lumière des avantages clés, y compris la croissance des revenus et l'amélioration des expériences clients, ainsi que des risques potentiels comme la conformité réglementaire et les préoccupations en matière de sécurité.
Arc by Green Dot offre une intégration directe avec Green Dot Bank, une technologie évolutive basée sur le cloud et des services bancaires de bout en bout soutenus par des API de niveau entreprise. La plateforme vise à fournir aux partenaires des produits bancaires assurés par la FDIC, une expertise réglementaire et un support client complet.
Green Dot (NYSE: GDOT) hat Arc by Green Dot ins Leben gerufen, eine umfassende eingebettete Finanzplattform, die Banking-as-a-Service (BaaS)-Funktionen bietet. Arc kombiniert die sicheren Banking- und Geldverarbeitungslösungen von Green Dot auf einer modernen, integrierten Plattform, die darauf abzielt, die Kundenbindung, den Wert und die Expansion für Unternehmen in verschiedenen Wachstumsphasen zu erhöhen.
Eine kürzliche Umfrage unter 250 Branchenführern ergab, dass 82% planen, die Investitionen in eingebettete Finanzen in den nächsten drei Jahren zu erhöhen. Die Studie hob wichtige Vorteile hervor, einschließlich Umsatzwachstum und verbesserte Kundenerfahrungen, sowie potenzielle Risiken wie regulatorische Compliance und Sicherheitsbedenken.
Arc by Green Dot bietet eine direkte Integration mit der Green Dot Bank, cloudbasierte und skalierbare Technologie sowie End-to-End-Bankdienstleistungen, die von unternehmensgerechten APIs unterstützt werden. Die Plattform hat das Ziel, Partnern FDIC-versicherte Bankprodukte, regulatorische Expertise und umfassenden Kundenservice zu bieten.
- Launch of Arc by Green Dot, a comprehensive embedded finance platform
- 82% of industry leaders plan to increase investments in embedded finance
- 98% of decision-makers view embedded finance as key drivers of revenue and growth
- 91% of leaders say embedded finance helps retain, attract, or improve customer experiences
- Arc offers direct integration with Green Dot Bank, providing FDIC-insured banking products
- 50% of leaders cite increasing regulations and failure to comply as a top risk
- 48% of leaders view security as a top risk in investing in embedded finance
Insights
The launch of Arc by Green Dot represents a strategic move to capitalize on the growing embedded finance market. With
However, investors should note potential challenges:
- Increasing regulations (
50% of leaders see this as a top risk) - Security concerns (
48% cite this as a major risk)
Green Dot's emphasis on security and compliance could mitigate these risks, potentially strengthening its market position. The flexible, cloud-based platform may allow for scalability and adaptability to changing market needs, which could drive long-term growth. Overall, this launch could positively impact Green Dot's revenue streams and market share in the embedded finance sector.
Arc by Green Dot represents a significant technological advancement in the embedded finance space. The platform's cloud-based, modular design is a key differentiator, allowing for scalability and customization to meet diverse business needs. This flexibility is important in a rapidly evolving market and could give Green Dot a competitive edge.
The emphasis on enterprise-grade APIs is particularly noteworthy, as it facilitates seamless integration for partners. This could lead to faster adoption and implementation of Green Dot's services. The comprehensive suite of services, including fraud protection and extensive ATM network access, adds value to the offering.
However, the success of Arc will depend on its ability to deliver on security promises, given the industry's concerns. Green Dot's investment in platform security and compliance features will be critical to address the
As Embedded Finance Investments Rise, Arc Delivers End-to-End Banking and Money Movement Solutions from a Single-Source, Seamless, Scalable Platform
New Study Sheds Light on Growth, Benefits & Risks of Embedded Finance
“Over the past several years, we’ve invested heavily in our platform, enabling us to build and deliver banking and payment tools more securely and efficiently,” said George Gresham, CEO, Green Dot. “Introducing Arc to Green Dot’s portfolio of brands marks an exciting milestone as we continue improving and differentiating our embedded finance platform and capabilities, and as we power more companies with seamless banking and payment solutions.”
A recent survey of 250 industry leaders and decision makers1 found
-
Top drivers of embedded finance: nearly all decision-makers (
98% ) hold that embedded finance and BaaS are key drivers of revenue and growth for their businesses; a vast majority (91% ) of leaders say it helps retain, attract or improve customer experiences; and66% say it improves employee experiences and retention; -
Top risks of embedded finance: half (
50% ) say increasing regulations and failure to comply is a top risk, while more than half (58% ) see increasing regulation as a positive development for the industry. Security is also a top concern, with48% citing security as a top risk that comes with investing in embedded finance.
Arc by Green Dot powers some of the world’s most trusted brands and thousands of other businesses at all stages of growth with seamless, secure and useful banking and payment tools and experiences. Among its most valued services and differentiators, Arc offers:
- Direct integration with Green Dot Bank: providing partners with leading FDIC-insured banking products and tools, plus regulatory and compliance expertise, oversight and peace of mind;
- Cloud-based, modular and scalable technology by design: flexible and configurable to meet a wide range of business needs and goals, and to adapt as our partners grow; and
-
End-to-end banking services and program management: supported by enterprise-grade APIs, giving partners access to comprehensive customer support, fraud protection, one of the largest retail deposit and ATM networks in the
U.S. , and much more.
“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,” said Renata Caine, GM of Banking as a Service, Green Dot. “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.”
For more information on Arc and the embedded finance study, visit greendot.com/arc.
About Arc by Green Dot
Arc is the embedded finance platform of services featuring all of Green Dot’s secure banking and money processing capabilities designed to fuel value, loyalty and growth for consumers and businesses. Arc by Green Dot powers some of the world’s most trusted brands and thousands of other businesses with seamless, secure and useful financial tools and experiences.
Integrated with Green Dot Bank, Arc provides partners with leading FDIC-insured banking products and tools, plus regulatory and compliance expertise, oversight and support. The Arc platform is cloud-based, modular and scalable by design – configurable to meet a wide range of business needs and goals, and flexible to adapt as our partners grow. Arc’s end-to-end banking services are powered by enterprise-grade APIs and offer partners access to comprehensive customer support, fraud protection, the largest retail deposit and ATM network in the
About Green Dot
Green Dot Corporation (NYSE: GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money.
Green Dot delivers a broad spectrum of financial products to consumers and businesses through its portfolio of brands, including: GO2bank, a leading digital and mobile bank account offering simple, secure and useful banking for Americans living paycheck to paycheck; the Green Dot Network (“GDN”) of more than 90,000 retail distribution and cash access locations nationwide; Arc by Green Dot, the single-source embedded finance platform combining all of Green Dot’s secure banking and money processing capabilities to power businesses at all stages of growth; rapid! wage and disbursements solutions, providing pay card and earned wage access services to more than 6,000 businesses and their employees; and Santa Barbara TPG (“SBTPG”), the company’s tax division, which processes more than 14 million tax refunds annually.
Founded in 1999, Green Dot has managed more than 80 million accounts to date both directly and through its partners. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC2. For more information about Green Dot’s products and services, please visit www.greendot.com.
1 Survey was conducted by Wakefield Research among 250 decision-makers regarding embedded finance, between August 22 and September 5, 2024, using an email invitation and an online survey.
2 Green Dot Bank also operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241022846127/en/
Media Contact:
Alison Lubert
alubert@greendotcorp.com
Source: Green Dot Corporation
FAQ
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