Arc Technologies looks to expand its global footprint, grow revenue and gain business customers over the next five years.
The digital bank plans to continue to partner with financial institutions “both in the U.S. and internationally,” Don Muir, co-founder and chief executive, said March 18 during a fireside chat at Bank Automation Summit U.S. 2024 in Nashville, Tenn.
By expanding into other markets, Arc will be able “to create multi-currency accounts, resulting in frictionless money movement,” he said.
In other markets, Arc plans to expand in deposits, spend management and capital, Muir said.
Expansion plans follow Arc’s launch of Arc Global Treasury in November 2023. The international treasury product provides high-yield treasury management products to global startups in the digital banking ecosystem, Muir previously told Bank Automation News.
BNY Mellon serves as Arc’s custodian bank for its treasury products, he said.
