CORE BANKING, DIGITAL BANKING
Businesswire | June 09, 2023
Qorbis, a leading innovator in end-to-end embedded finance and FinTech personalization, today announces its partnership with top Banking-as-a-Service (BaaS) provider, Mbanq, to create a unique financial control and brand enhancement platform for clients.
Already live at the alpha-testing stage, the solution is unique in its flexibility for brands:
Each brand can have an unlimited number of cards and accounts, suitable for employees, fans or customers.
Each brand has full balance control and can tailor expenses from airport transfer to superyacht purchase, in real time.
Brand financial controllers have ultimate spend management oversight to streamline massive events, like film productions, sports and entertainment events and corporate travel.
Previously such use-case scenarios were completely inaccessible to smaller businesses.
Qorbis enables any organization to create new revenue streams, enhance brand loyalty and simplify corporate spend management with flexible, customizable, and scalable financial solutions.
Qorbis offers branded corporate cards, smart money management tools with real-time reporting, accounting integration and a global concierge service in one easy-to-use solution. It allows any brand to build branded banking and payment services, such as current and savings accounts, payments solutions, and debit cards.
Additionally, Qorbis is a very different type of FinTech platform due to its level of customer personalization. Key features of the platform include the ability to:
Implement comprehensive and robust corporate financial controls with real-time visibility into spending, and expense reporting with total flexibility from a single device.
Unlock new digital revenue streams to share income from customer purchases and interchange.
Provide a powerful promotional tool to enhance brand loyalty and seamlessly add value to customers. Organizations can deliver simple, smart and secure financial services as well as bespoke reward and loyalty programs under their own brand.
Stephen Williams, CEO of Qorbis, says, “Embedded finance works best through a personalized approach. Qorbis’ platform allows brands to treat each user as an individual.”
“In addition, Mbanq has enhanced our financial solutions so brands can integrate regular banking services across the international financial system with full regulatory compliance. Mbanq’s proprietary technology allows Qorbis’ clients to gain an increasingly important competitive advantage.”
Vlad Lounegov, CEO of Mbanq, says, “Qorbis leads the way towards unique and personalized digital financial services for any brand and its customers. Qorbis’ solutions provide a multitude of benefits, including uniquely flexible expense management and increased customer engagement, while at the same time opening new FinTech income revenue streams.”
Mbanq is a world-leading Banking-as-a-Service (BaaS) provider with a comprehensive ‘as-a-service’ portfolio, including compliance, lending, back office and disputes. Mbanq is a fully compliant, vertically integrated technology and services solution that covers the entire range of banking products for retail and corporate clients, with front-to-back office functionality. Its white-label mobile apps and open banking APIs enable access to best of breed FinTech innovators while offering a modern digital experience to banking customers. www.mbanq.com
Qorbis helps businesses across the US take control of spending and take advantage of the benefits of embedded finance. Its secure and scalable platform embeds customized financial and concierge solutions into a company's own product and services, creating new revenue streams, enhancing its brand, and saving time and money. Through partnerships with best-in-class providers of banking and technology, any size business can then offer a range of branded and licensed services to end users, including corporate cards, accounts, P2P payments, and a global travel and lifestyle concierge. www.qorbis.com
FINANCIAL MANAGEMENT, FINTECH
PRnewswire | June 01, 2023
Industry Tech Insights, a unique digital platform featuring industry leaders across various areas of expertise, has recognized Goal Solutions as one among the "Top 10 Companies Revolutionizing FinTech in 2023″ for transforming the industry with their unique solutions. Industry Tech Insights has become a pioneering magazine owing to their unique coverage of news, articles and industry leaders concentrating on transforming various arenas.
Matt Myers, President and CEO of Goal Solutions says, "Innovation is a focal point at all levels of Goal Solutions and our portfolio companies Launch Servicing and Turnstile Capital Management. It is great to be recognized for that focus and the results it has generated for our platform and client partners. While the award is being given to the company it really should be given to the 200+ individuals in the Goal Solutions family of companies who make innovation happen day in and day out."
Goal Solutions' innovative approach, leveraging a unique blend of in-house expertise, proprietary applications and cutting-edge third-party technologies enables them to establish and sustain a consistent competitive advantage in the market. This commitment ensures their clients receive unparalleled service while offering an unmatched suite of comprehensive solutions. All these exceptional contributions have earned them a prominent feature in the highly acclaimed "Top 10 Companies Revolutionizing FinTech in 2023" edition. Richman Dale, Managing Editor of Industry Tech Insights, says, "Goal Solution's job is to bring its years of expertise and experience, especially weathering the last credit crisis, to partner with clients and financial stakeholders to design proactive and reactive strategies, and hence is being featured as one of Top 10 Companies Revolutionizing FinTech in 2023."
About Goal Solutions
Since 2008 Goal Solutions has delivered comprehensive and customizable Loan Servicing, Master Servicing, and SPV Administration solutions. Driven by technology, data science, and industry expertise, Goal is a strategic partner for insurance companies, originators, hedge funds, private equity companies, banks, credit unions, and other financial stakeholders across the entire lending lifecycle. Learn more about the Goal family of companies at www.goalsolutions.com.
CORE BANKING, FINANCIAL MANAGEMENT
Businesswire | June 08, 2023
Momnt, a financial technology company that powers real-time lending and payment solutions for businesses at the point of need, is excited to announce the launch of a partnership with Cross River Bank (“Cross River”), a leading financial services and technology infrastructure provider that offers embedded financial solutions. Merchants on the Momnt platform are now able to further expand their loan offering capabilities to reach more consumers.
Embedded finance is globally recognized as the future of financial services. Momnt’s industry-leading technology connects lenders with borrowers through their merchant network in the home improvement and healthcare industry. These merchants become the “face of financing” to the consumer, offering loans originated by partner financial institutions at the moment when the consumer is making a purchasing decision. The API-based platform presents custom, real-time loan offers to individual borrowers at the point of making a purchase. This approach helps drive demand for the merchant; extends creative, well-structured financing to the consumer; and generates new revenue sources for financial institutions.
Through this partnership with Cross River, an award-winning banking-as-a-service (BaaS) provider, Momnt can extend flexible and advantageous terms while providing a seamless and value-driven experience to consumers. The partners teamed up earlier this year and have been working to bring Cross River’s API technology to Momnt’s platform, creating a streamlined process for borrowers in all 50 states and supporting the platform’s growth.
"We're thrilled to partner with Cross River as we continue to expand the ways we serve our merchant and consumer customers,” said Chief Revenue Officer, Chris Bracken. “This partnership combines Momnt’s industry-leading moment-of-need lending capabilities with Cross River’s industry-leading financial services technology, and we could not be more excited about the opportunities the partnership will create.”
“We are proud to partner with game-changing innovators like Momnt, with their extensive industry knowledge, to provide expanded access to credit via convenient, flexible, point-of-sale loans,” said Greg Caminneci, Head of Client Services, Marketplace Lending at Cross River. “Our partnership will allow Momnt to responsibly serve customers nationwide and we look forward to growing our offerings together.”
About Cross River
Cross River provides technology infrastructure powering the future of financial services. Leveraging its proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, and lending solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion. Member FDIC. Find out more at www.crossriver.com.
Momnt powers modern lending solutions that enable businesses to provide low-friction financing to their customers at the moment they need it — all funded by trusted lending partners. Its API-based platform leverages alternative data sources and ML/AI-informed decisioning to present real-time loan offers fit to each individual borrower, all done within the banking industry’s current regulatory infrastructure. momnt.com