Technology advances have simplified the process to offer digital services through embedded finance. Any company can choose to pivot or complement its core business to become a FinTech, but succeeding takes more than technology alone.
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.
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.
The partnership enables Mbanq’s customers to easily access both banking and card issuing services via a single API.
Mbanq CUSO innovates CUaaS, a new end-to-end business model, to launch and operate the Credit Union of the future as a comprehensive service. CUaaS differentiates itself by providing a deep, coordinated package of technology, operations, legal compliance and financial services solutions, wrapped into a single Credit Union ecosystem.