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FINANCIAL MANAGEMENT, FINTECH

Bitstamp brings its experience and infrastructure to APAC financial institutions via white-label offering

PRnewswire | March 21, 2023 | Read time : 05:00 min

Bitstamp brings its experience and infrastructure to APAC financial

Bitstamp, the world's longest-running crypto exchange, announces today that it is expanding its white-label service to institutions in selected APAC markets. Banks, payments and fintech companies, or investment firms looking to fast-track their digital assets offerings to customers can choose from one of three plug-and-play service tiers. The offering covers a range of needs, such as order matching, liquidity for a wide range of crypto markets, regulatory-compliant AML/ (Know-your-customer), account reporting and more.

Known as Bitstamp as a Service, the solution enables financial institutions to rapidly develop a retail offering without needing to build out technology or compliance infrastructure or acquire specific licenses. One of Bitstamp's first partners for this service was Revolut back in 2017.

Flexible Design for Rapid Deployment

Bitstamp as a Service provides clients with three tiers: Exchange, Exchange Plus, and Exchange Complete. Each tier provides a number of core building blocks with the Exchange Complete tier designed as an end-to-end solution that adds KYC/AML operations for customer onboarding and access to Bitstamp's global license network. For institutions that are prioritizing speed to market and lower fixed costs, this solution will save them the time and resources needed to build this capability in-house.

Bitstamp as a Service gives clients — whether they are an early-stage fintech startup or an established banking institution — the ability to integrate this infrastructure with their existing customer apps. This enables clients to continue to grow their customer relationships and control the user experience with the fastest path to market.

"Bitstamp as a Service is a complete end-to-end solution that allows clients to rapidly turn on their crypto offering. Clients trust in our ability to deliver a safe and secure solution because our success as an infrastructure provider has been tested over multiple cycles. As the market matures, we are seeing greater demand for more integration options and third-party risk management," says Leonard Hoh, APAC GM of Bitstamp. "For added flexibility Bitstamp's infrastructure stack also gives clients a choice of 15 banking partners to match their operational needs. "

A Trusted Solution for Institutions in Current Market Cycle

In a survey carried out by Bitstamp in 2022, over 75 per cent of retail and institutional investors worldwide believe that crypto will become mainstream in the next 10 years. Of all the institutional investors polled, 81 per cent believe digital assets should be part of a portfolio. However, one of the top barriers to entry cited by retail investors were "not sure which platform to trust or is secure''.

"Recent events in the industry have placed new emphasis on good business practices and compliance credentials that necessitate a package of operational controls. There is a need for institutions to find a trusted partner to deliver a quality experience in the digital assets ecosystem to serve the next wave of mainstream adoption ," says Leonard Hoh.

Bitstamp currently holds more than 50 licenses and registrations globally. It was the only crypto exchange among more than 130 CEXes (centralized exchanges) to receive an AA rating in CryptoCompare's Exchange Benchmark Report in October 2022 — a testament to Bitstamp's commitment to making crypto investing secure for all.

About Bitstamp

Bitstamp is the world's original and longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record, cutting-edge market infrastructure and dedication to personal service with a human touch, Bitstamp's secure and reliable trading venue is trusted by over four million customers worldwide. Whether it's through its intuitive web platform and mobile app or industry-leading APIs, Bitstamp is where crypto enters finance. For more information, visit www.bitstamp.net

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PRnewswire | March 30, 2023

Today, Pinwheel, the market-leading provider of income and employment data provider engineered for fintech innovation, joined the Visa Fintech Partner Connect program. Visa Fintech Partner Connect participants are Visa Ready certified by Visa and trusted by the global payments ecosystem to help technology companies build and launch payment solutions that meet Visa's global standards around security and functionality. Pinwheel helps leading financial institutions and fintechs become the primary bank, reduce risk, and activate users with market-leading performance, connectivity, security, and compliance. Pinwheel's enterprise-grade API makes it easy to access real-time data and controls in consumer income & employment accounts. Compared to other market offerings, Pinwheel takes income and employment data a step further by applying robust analytics and intelligence to make sense of the data, so fintechs and financial institutions don't have to. 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PRnewswire | March 29, 2023

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"Our mission is to create a fairer financial system, and teaming up with Visa will allow us to reach more customers that can build products and services that better serve consumers." "Today, consumers want seamless interactions across mobile and web, and access to a greater suite of digital banking capabilities," said Vanessa Colella, SVP and Global Head of Innovation and Digital Partnerships at Visa. "With Pinwheel participating in the Fintech Partner Connect program, our clients will have access to a powerful set of tools for building new digital-first experiences." Enterprise-grade flagship solutions A recent Pinwheel survey concluded that consumers believe banks and fintechs should be their allies and provide a more comprehensive offering of personalized products. 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Payfare Partners with Avibra to Launch Wellness Perks

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Greenlight for Banks is a first-of-its-kind solution that enables partners to offer Greenlight’s suite of family banking and education products for free to their customers. With Greenlight for Banks, financial institutions can seamlessly integrate family banking into their own ecosystems, allowing them to engage the next generation of customers, grow deposits, and provide more value to families. Key features include: Full suite of family banking tools: Greenlight’s award-winning family finance app includes financial tools for earning, saving, spending, giving, and more. Parents can automate allowance, manage chores, and send money instantly while kids and teens get hands-on money management experience with parental supervision. Best-in-class financial education: Within the Greenlight app, kids and teens also have access to Level Up, an interactive, curriculum-based financial literacy game. Level Up includes fun and engaging games, quizzes, and lessons that go beyond the National Standards for K-12 Personal Financial Education to empower young people with money skills and confidence. Co-branded banking experience: Greenlight delivers a dedicated, co-branded landing page, registration, and app experience — with no technical lift required by the partner. “At Greenlight, our mission is to empower parents to raise financially-smart kids and teens,” said Matt Wolf, SVP of Business Development at Greenlight. “In building Greenlight for Banks, we spoke with financial institutions across the country and found that many were looking to solve the same problem of making financial education more accessible. Partnering with banks and credit unions will allow us to help even more parents teach their children invaluable financial knowledge and skills.” Greenlight for Banks was developed based on years of research and learnings from serving some of the world’s largest financial institutions. The result is a turnkey solution built with seamless activation, adoption, enrollment, and reporting capabilities. Greenlight for Bank partners also have the option to hold Greenlight customer deposits in their own institution. To date, Greenlight for Bank partners have included leading financial institutions, regional and community banks, and credit unions. “Greenlight adds enhanced value to Morgan Stanley's CashPlus brokerage account. 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