Byline Bank and Lithic Join Forces to Streamline Card Issuance for Fintechs

Byline Bank has entered into a strategic partnership with Lithic, a digital card issuing platform, to provide fintech companies with a more efficient path to launching card programs. The collaboration aims to combine Byline Bank's established banking infrastructure with Lithic's modern technology stack, enabling faster deployment of physical and virtual card products.

Under the arrangement, fintech startups and other non-bank firms can leverage Lithic's platform to design and manage card programs while relying on Byline Bank as the issuing bank. This model reduces the regulatory and operational hurdles typically associated with launching card products, which often require extensive compliance and partnership negotiations.

Industry observers note that such partnerships are becoming increasingly common as community banks seek to expand their fintech offerings and as card-issuing platforms compete to offer seamless integration. Byline Bank and Lithic expect the initiative to accelerate innovation in payments and give new fintech entrants a faster route to market without sacrificing security or compliance standards.