Bm technologies secures new bank partner and extends key partnerships; new variable pricing structure benefits revenues

Two year extension of existing and largest baas partnership new bank partnership with first carolina bank for higher education business new agreement with customers bank for existing and largest baas partnership radnor, pa / accesswire / march 22, 2023 / bm technologies, inc. (nyse american:bmtx), one of the largest digital banking platforms and banking-as-a-service (baas) providers, today announced that the company has executed a new deposit processing services agreement (dpsa) with first carolina bank for the higher education business and a new dpsa with customers bank for our existing and largest baas partnership deposits. both bank partnership agreements include variable rate servicing fees which will result in superior economics for bmtx in the current interest rate environment.
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