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


Tax groups have a meaningful opportunity to enhance the value of their organization’s digital transformation effort. This priority, which involves migrating tax automation to the cloud in tandem with larger enterprise resource planning (ERP) cloud migrations is becoming even more time-sensitive. This white paper examines leading


Tax groups have a meaningful opportunity to enhance the value of their organization’s digital transformation effort. This priority, which involves migrating tax automation to the cloud in tandem with larger enterprise resource planning (ERP) cloud migrations is becoming even more time-sensitive. This white paper examines leading

Related News


Pinwheel Joins Visa Fintech Partner Connect Program

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. Pinwheel uniquely connects to over 1700 platforms (covering 80% of US workers) and over 1.5 million employers. With Pinwheel, fintechs and financial institutions power direct deposit switching, earned wage access, income & employment verification, build innovative new products, and more. Being selected for the Visa Fintech Partner Connect program showcases Pinwheel's strong commitment to security and compliance. Pinwheel is a Consumer Reporting Agency (CRA), meaning the company offers Fair Credit Reporting Act (FCRA)-compliant income and employment data that can actively be used in lending decisions. Pinwheel also received the highest security certification in the industry, an ISO/IEC 27001:2013 certification. "We're excited to be able to connect more directly with the fintechs and financial institutions in Visa's ecosystem to help them take advantage of our leading income and employment data connectivity," said Lauren Crossett, CRO of Pinwheel. "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. Pinwheel's advanced product suite allows its customers to answer this consumer demand: Pinwheel Deposit Switch: Seamlessly automate direct deposit switching to help customers grow lifetime value, increase retention and profitability, and become the primary financial institution. Pinwheel Smart Branch: Bring the power of digital automation and tools to physical locations to increase profitability, improve the customer experience, and keep pace with consumer preferences. Pinwheel Earnings Stream: Support new products, such as enabling cash flow underwriting and simplifying earned wage access (EWA), to alleviate the financial stress of traditional underwriting and traditional pay periods with Pinwheel's up-leveled insights such as projected earnings or accrued earnings. Pinwheel Taxes: Automate the tax form retrieval process to help build solutions that make taxes less taxing for customers, helping to win consumer sentiment by addressing even more of their financial needs Pinwheel Verify: Access consumer-permissioned income and employment data to manage lending risk, improve underwriting models, and increase repayment rates. About Pinwheel Pinwheel is the market-leading income and employment API. With Pinwheel, fintechs and financial institutions are empowered to build the next generation of financial products that will help create a fairer financial system. Pinwheel provides access to consumer-permissioned income & employment accounts and actionable insights that help them make sense of the data they need to tailor their tools and services for consumers. Pinwheel's platform has enterprise-grade security protocols to power connections to over 1,600 platforms (covering 80% of US workers), and over 1.5 million employers. From that point of connectivity, leading fintechs and financial institutions (such as Block, formerly Square) leverage us to power direct deposit switching, earned wage access, income & employment verification, and build innovative new products. Pinwheel is also a Consumer Reporting Agency (CRA), making the company the only provider in the space offering Fair Credit Reporting Act (FCRA)-compliant income and employment data that lenders can use actively in decisioning. Pinwheel is trusted and funded with $77M by top-tier investors such as GGV, Coatue, First Round Capital, and

Read More


Payfare Partners with Avibra to Launch Wellness Perks

PRnewswire | March 29, 2023

Payfare Inc. ("Payfare" or the "Company") (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce is excited to announce that eligible DasherDirect cardholders can now access free essential health and wellness tools, including life and accidental death and dismemberment insurance, through Wellness Perks. Wellness Perks Core, available at no cost for all active DasherDirect cardholders, includes $1,000 in life insurance and $10,000 in AD&D coverage; housing, debt, and credit counseling; an ESG advisor and a well-being advisor to improve Dashers' financial and physical well-being; and a prescription drug savings program. In addition, users also have the option to access and customize broader coverage at an affordable price with Wellness Perks Essentials. These include dental and vision savings plans, roadside assistance, critical illness insurance, accident medical coverage, group fitness classes, mental health support, and more – all on-demand for just $1/week each. Through this partnership with Avibra, Payfare can now provide gig workers a compelling suite of free health and wellness protection and perks alongside uniquely affordable add-on options for additional coverage. Gig platforms that partner with Payfare can offer access to optional, third party financial services, health, and wellness benefits to attract and retain gig workers while providing the flexibility of work valued by independent contractors. "Working with Avibra, Payfare is solving another significant pain point for both gig workers and gig platforms," said Marco Margiotta, CEO and Founding Partner of Payfare. "With the Wellness Perks program, we can now provide our cardholders access to much needed health and wellness protection which in turn also helps our gig platform partners attract workers." "The workforce is changing dramatically in the United States. Americans are looking for ways to have greater control and balance in their daily lives, and gig work is the solution. Unfortunately, gig workers can sometimes feel stuck without a safety net. Demand for a solution has accelerated," said Yogesh Shetty, Avibra CEO and founder. "Avibra is thrilled to partner with Payfare because our missions are one. Together, Payfare and Avibra will help gig workers live happy, healthy, and fulfilling lives on their own terms. This is the future of work." About Payfare Payfare is a global financial technology company powering digital banking and instant payment solutions for today's gig workforce. Payfare partners with leading platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial health for their workforce. About Avibra Avibra helps consumers from all walks of life by offering affordable financial, well-being and protection coverage. Avibra works with retailers, gig platforms, fintechs and more to unlock basic safety-net benefits through their enterprise platform. By providing access to a previously underserved population, Avibra's mission is to help more individuals feel happier, healthier and safer. For more information, visit

Read More


Greenlight Announces Custom Family Banking Solution for Financial Institutions to Better Serve the Next Generation

Businesswire | April 04, 2023

Greenlight® Financial Technology, Inc. ("Greenlight"), the fintech company on a mission to help parents raise financially-smart, independent kids, today announced Greenlight for Banks, a family banking solution designed for banks and credit unions. With Greenlight for Banks, financial institutions can now easily add Greenlight’s family finance app, loved by more than 6 million parents and kids, to their financial service offering to better serve families and help the next generation build healthy financial futures. 93% of parents say it’s important for financial institutions to provide banking and financial literacy education for their children, yet only 16% say their current bank provides such services.* With 42.9 million Gen Zers estimated to use mobile banking by 2025, it’s clear there is an opportunity to better serve young people. However, many financial institutions may not have the expertise or resources to create a compelling digital banking experience for the next generation. 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. By providing our clients with a way to also teach their children about the world of money, we are helping to ensure the next generation has the knowledge and skills they need for a healthy financial future,” said Tom Stanmeyer, Managing Director and Head of Deposits and Banking Services at Morgan Stanley. “We’re excited about the opportunity that Greenlight for Banks brings to WaFd Bank. We believe we’ll be better able to serve parents and their children with age-appropriate financial management skills,” said Cathy Cooper, Executive Vice President and Chief Consumer Banker at WaFd Bank. “Together with Greenlight, we can help build a safe and secure financial future for the next generation.” “Greenlight has helped us elevate our efforts in servicing schools where we already provide financial education,” said Tansley Stearns, president and CEO at Community Financial Credit Union. “We are proud to partner with Greenlight and provide best-in-class financial access and literacy content designed for parents and kids.” About Greenlight Greenlight Financial Technology is the family fintech company on a mission to help parents raise financially-smart, independent kids. Its product, Greenlight, is an award-winning banking app, complete with a debit card for kids and teens, cash back credit card for parents, and safety features for the whole family. Parents can automate allowance, manage chores, set flexible spend controls, and invest for their family’s future. Kids and teens learn to earn, save, spend wisely, give, and invest with parental approval. Together, families can also stay safe and connected with location sharing, SOS alerts, and crash detection with automatic 911 dispatch to get help if they need it. The Greenlight Debit Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. The Greenlight Family Cash Card is issued by First National Bank of Omaha (FNBO®), member FDIC, pursuant to license by Mastercard International. Greenlight Investment Advisors, LLC, an SEC Registered Investment Advisor, provides investment advisory services to its clients. Investing involves risk and may include the loss of principal. Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Greenlight's bank partners. For more information, please visit:

Read More