Mbanq partnership establishes Temenos as the banking platform of choice for BaaS for all market participants, from e-Commerce brands to BaaS providers and Banks

FinTech luminary, Simon Taylor, and Mbanq’s Vlad Lounegov will discuss macroeconomic change in FinTech, at Money 2020, Las Vegas.

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.