Compliance Strategy Fundamental to BaaS, says Vlad Lounegov of Mbanq
Technology to create financial services is easier to implement than ever, but compliance remains just as strict and onerous. Good news is that compliance can be outsourced too.
Technology to create financial services is easier to implement than ever, but compliance remains just as strict and onerous. Good news is that compliance can be outsourced too.
Mbanq introduces DRaaS – a specialized solution for banks and Credit Unions to resolve disagreements that arise during card transactions and payments.
Entrepreneurs and teams who wish to succeed with a digital banking startup or launch a new Credit Union in the USA can take advantage of ready-made digital banking technology as well as regulatory, fundraising and marketing support, thanks to Mbanq Labs, a leading digital banking FinTech accelerator.
A bona fide success story in its class, KentBank stands out on the European banking market with its steady growth over the past decade, superior asset quality, low NPL ratio and a constantly higher capital adequacy ratio than legally required.
KentBank is owned by the Süzer group, one of the most successful Turkey-based conglomerates. As part of their diversification and internationalization strategies, the group eventually ventured into the EU banking sector with an acquisition of a bank in Croatia, the youngest EU member state.
They developed the KentBank brand and arranged a thorough selection process to find a banking technology partner that could support their ambitions. Their partner of choice? Mbanq
Temenos partners with Silicon Valley-based Mbanq to power innovative Credit Union-as-a-Service (CUaaS) offering for US Credit Unions, a market estimated at $3.6bn annually.
Mbanq’s CUaaS, powered by The Temenos Banking Cloud, enables Credit Unions to gain faster time to market with cutting-edge digital financial services for members at a reduced total cost of ownership.