Byline Bank named sponsor bank partner by Lithic for card programs

Byline Bank, a subsidiary of Byline Bancorp (NYSE: BY), announced it has been selected as a Sponsor Bank partner by Lithic, a card issuing platform for technology companies.

The partnership allows technology companies using Lithic's platform to launch consumer and commercial card programs and banking services through Byline Bank. As a regulated financial institution, Byline Bank will provide banking infrastructure including accounts, payments, and risk oversight.

"Fintech companies need banking partners that can move with the same sense of urgency they do," said Joe Wolsfeld, Head of Payments & Fintech Banking at Byline Bank. "We've built a team and operating model designed to streamline decision-making, accelerate execution and help innovative companies launch and scale products with confidence."

Lithic evaluated Byline Bank based on several factors, including industry expertise, speed to market, and support for complex use cases including digital assets.

"Byline stands out for its combination of deep industry expertise, its collaborative approach and the ability to execute efficiently," said Bo Jiang, CEO of Lithic. "For the fintechs building on Lithic, that means faster time to market, cleaner regulatory navigation, and a banking partner that can scale alongside them."

Byline Bank, headquartered in Chicago, holds approximately $9.9 billion in assets and operates over 40 branch locations across the Chicago and Milwaukee metropolitan areas.

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