Medallion Bank is an FDIC-insured industrial bank headquartered in Salt Lake City, Utah, that specializes in providing embedded banking services to fintech companies, e-commerce platforms and marketplace lenders. Operating under a Utah charter, the bank offers a streamlined alternative to traditional branch networks by focusing on digital account opening, deposit services and program management for third-party partners.
The bank’s core activities include issuing private-label and co-branded credit and debit card programs, facilitating consumer financing through installment loans and supporting virtual and physical card management. Medallion Bank leverages a technology-driven infrastructure to handle transaction processing, settlement and compliance, enabling partners to outsource the complexities of underwriting, risk monitoring and regulatory reporting.
Through API-based integration, Medallion Bank delivers scalable solutions that allow merchants, software platforms and subscription businesses to incorporate financial products directly into their customer experiences. Its services encompass credit risk analytics, fraud prevention tools and customizable payment workflows, all designed to help partner firms accelerate time to market while maintaining control over brand and customer engagement.
Founded in 2008, Medallion Bank has grown in parallel with the rise of digital finance, forming strategic relationships with a range of clients across the United States. Supervised by the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation, the bank remains focused on expanding its embedded finance capabilities and supporting innovation in the rapidly evolving lending and payments landscape.
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