Mbanq Launches White-Label Mobile Digital Banking Apps as BaaS Solution

On August 2, 2024, Mbanq announced the launch of a new suite of white-label mobile digital banking applications as part of its Banking-as-a-Service platform. The apps are designed for credit unions, banks, neobanks, fintech platforms, and non-financial brands seeking to offer branded digital financial services without building technology from scratch. The solution supports deployment across web, Android, and iOS for both retail and corporate customers.

Key capabilities include fully digital onboarding with integrated KYC/KYB verification, origination and servicing of deposits and loans, and support for debit, prepaid, and credit cards alongside domestic and cross-border payments. Mbanq, founded in 2016 and headquartered in the U.S., positions the product as a way to significantly reduce development costs and speed up go-to-market timelines. The launch reflects the broader embedded finance trend where white-label solutions enable non-financial companies to deliver branded financial products through partnerships with licensed institutions.

No specific financial terms or partner bank details were disclosed in the announcement.