ConnectPay Launches In-House Mars Core Banking System
On February 17, 2026, ConnectPay launched Mars, a proprietary core banking system developed in-house to replace reliance on third-party core banking providers. The system handles account balances, transactions, and payment processing, giving ConnectPay full control over its banking infrastructure. A key motivation for building Mars was to accelerate product development cycles, enabling faster updates and feature rollouts for clients.
By eliminating third-party dependencies, ConnectPay gains flexibility in customizing its offerings and reducing operational risk from external vendor changes. The move underscores a broader trend among fintech and BaaS companies building proprietary infrastructure to differentiate on reliability and speed. Mars positions ConnectPay to compete more effectively in the embedded banking infrastructure space, particularly for partners needing stable and configurable core banking capabilities.
- Signals a trend of BaaS providers vertically integrating core banking to reduce vendor dependency and accelerate innovation
- Could pressure third-party core banking vendors as more embedded finance players build in-house solutions