Cambr's Ahon Sarkar is one of our speakers at Embedded, our first-of-its-kind conference on Embedded Finance. Finance is spreading to every industry and every app. To keep the conversation and networking levels high, we’ve limited the number of seats to 100. Secure your spot.
The genesis story: Cambr was born out of a partnership between StoneCastle and Q2. StoneCastle runs a deposit network of 800 community banks around the U.S. Q2 is a publicly traded fintech that serves community banks with banking technology.
"When we looked at all the different things needed to create a retail banking solution — core banking technology, a bank license, a whole host of vendors, regulatory — there wasn’t a full-stack solution for customers to do this quickly," said Ahon Sarkar, vice president of product and strategy at Cambr.
What it does: Cambr married StoneCastle’s deposit network, Q2’s core processing system called Core Pro, a handful of strategic bank relationships and integrated in everything from KYC to debit card processing with the goal of being the full stack toolkit. "With Cambr, you can build innovative financial products while supporting hundreds of community banks nationwide," said Sarkar.
How Cambr differentiates itself: One outstanding piece of the Cambr offering is StoneCastle's Deposit Network, which allows Banking as a Service clients to solve for scale while maximizing deposit yield. See Tearsheet’s Banking as a Service Buyers Guide to read more about Cambr. Cambr's relationship with Q2 is also a differentiator. Unlike other middleware solutions offered by some BaaS providers, Q2 rebuilt CORE banking technology, providing benefits like speed, flexibility, and cost cutting.
Current clients: Cambr prefers to work with non-bank customers trying to build banking services into their product. Cambr powers recently-launched offerings from leading fintech firms Credit Karma and Betterment.
Hear from Cambr's Sarkar, as well as executives from other leading Embedded Finance companies like Finix, MX, Synapse, and Marqeta. Get tickets here.