Software

Pacific West Bank partners with Unit to deliver embedded banking services

Image via Adobe Stock

April 14, 2023

Pacific West Bank, a subsidiary of Pacific West Bancorp, has partnered with Unit, a banking-as-a-service platform, to allow companies to embed banking services into their products, according to a press release.

"We see this partnership as a new opportunity for PWB to accelerate our growth, while expanding our mission to serve unique and diverse communities. We are thrilled to partner with Unit, the banking-as-a-service leader, as we look to take advantage of the exciting new embedded banking industry," Jason Wessling, president and CFO of Pacific West Bank, said in the release.

Several companies have already joined the platform and plan to launch banking products.

"Pacific West Bank is a consistent supporter of the local community and is designated as a Benefit Corporation for Good, valuing people and planet in addition to profit," Dana Lawrence, director of fintech compliance at PWB, said in the release "Partnering with Unit and innovative fintech brands will be a natural next step for the bank to increase the positive impact in communities beyond its physical footprint. I'm thrilled to be a part of the team and look forward to creating new economic opportunities in a safe and sustainable manner."