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Stock impact report

Live Oak Bank Announces First Embedded Banking Partnership with Anatomy Financial, Inc.

Live Oak Bancshares, Inc. (LOB) 
Last live oak bancshares, inc. earnings: 4/22 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.liveoakbank.com
Company Research Source: GlobeNewswire
WILMINGTON, N.C., June 03, 2024 (GLOBE NEWSWIRE) -- Live Oak Bank has announced its first embedded banking partnership with Anatomy Financial Inc., an AI-powered financial automation solution for medical, dental, digital health, and healthcare billing companies. Live Oak’s novel approach is the first of its kind, enabling software companies such as Anatomy to directly deliver Live Oak banking products and services to customers. The result is a collaboration where customers will receive best-in-class banking services conveniently embedded in the software they use the most. While these accounts are held at and serviced by Live Oak Bank, the product is exclusively available for customers on the Anatomy platform. “Our in-house technology and a next-generation Finxact core allow us to securely offer scalable banking services embedded within the Anatomy platform and to ledger every customer and account. This means their money is not tangled in typical omnibus account structures,” Live O Show less Read more
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