US-based banking-as-a-service (BaaS) provider and banking technology firm Mbanq has introduced a new portfolio of white-label mobile digital banking apps.
The new set of customisable apps is tailored to address the requirements of traditional banks, neobanks, credit unions, FinTech platforms, and non-financial brands. It is expected to deliver an easy-to-deploy and cost-effective solution for digital banking.
Mbanq aims to allow its customers to expedite their time to market by providing a ready-to-use platform. The platform offers a modern and flexible branded digital banking solution to their end customers.
Mbanq CEO Vlad Lounegov said: “Mbanq’s new white-label apps allow banks and credit unions to provide end consumers with a modern financial experience without a lengthy or expensive development process.
“Mbanq provides its clients with all the tools necessary to deliver the best digital financial experiences.”
The new white-label apps are available on multiple platforms, including web, Android, and iOS devices. They are also customisable for corporate and retail end customers.
Financial institutions will be able to customise Mbanq’s new white-label mobile digital banking apps to align with their unique branding and service preferences.
The apps will also feature a fully digital onboarding process. They come with built-in integrations for a wide range of know your customer (KYC) and know your business (KYB) vendors.
Besides, the apps, which are designed for both ease of use and extensibility, support the origination and servicing of diverse deposit and lending products. They also accommodate a full spectrum of payment rails, including debit, prepaid, and credit cards, as well as domestic and cross-border payments.
Mbanq’s ready-to-use solution offers quick deployment, reduced time to market, and lower development costs, while also providing improved security features to ensure safe and frictionless financial transactions.
