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Give me a list of all companies globally that provide white-label banking technology
Hello! Thanks for asking to provide you a list of companies from around the globe that provide white-label banking technology. The sources I found most helpful in answering your question are The Financer, Fintech News, Bank-as-a-Service, and Banks EU.
In short, Pertech Industries, Ipagoo, MatchMove, The Bancorp, Fidor, Solaris Bank, Open Bank Project, and Moven are companies from around the globe that provide white-label banking technology. Please read on for a deep dive of my findings and methodology.
METHODOLOGY
To find appropriate answers to this request I had searched through tens of resources, including competitor lists of some of the companies I eventually profiled (e.g. NASDAQ, DataFox, Hoovers and much more). I also employed advanced search techniques. Since no precompiled information exists, I relied on the in-depth research of industry reports, articles and publications, for leads and helpful information. It was during this search I learned about Bank-as-a-Service (BaaS), a cloud-based banking system similar to SaaS (Software-as-a-Service), this formation was immensely useful in finding a significant number of the platforms and technologies that I have profiled here and are used by neo-banks. I have compiled this list using Google Boolean Operators, The Financer, Fintech News, Bank-as-a-Service, and Banks EU.
COMPANIES THAT PROVIDE WHITE-LABEL BANKING TECHNOLOGIES GLOBALLY
A typical Wonder list consists of 7 to 10 items. I was able to find 8 white label banking technologies providers from across the globe, including Moven. I have included company names, websites and short descriptions below, please read on for details.
1. PERTECH INDUSTRIES
Pertech Industries specializes in customized products and services for their customers/clients. They say that they "specializes in providing financial transaction products and services," this includes custom software development.
2. IPAGOO
Ipagoo was founded in 2012, the CEO is Carlos Sanchez (who was a director at Goldman Sachs Asset Management). The company is the "first Pan-European Digital Bank specialised in "everyday banking" and operating in open architecture."
3. MATCHMOVE
MatchMove uses its proprietary technology to enable third-party companies to offer fully branded payment system and mobile wallet. The company was founded in 2009 with headquarters in Singapore.
4. THE BANCORP
The Bancorp says "The Bancorp is one of the few companies in the world specialized in providing private-label banking and technology solutions to non-bank companies." The company has over 75 million prepaid cards in U.S. distribution, have more than 100 private-label non-bank partners (including Simple), it enjoys a total processing volume of $232 billion yearly. The company's headquarters is in Wilmington, Delaware, USA; their annual revenue stands at over $144 million. According to Owler, and $182.9 million on Datafox.
5. FIDOR
Fidor focuses on helping their clients build digital banks. The company is the first digital-only bank in Munich, Germany. It commercializes it's technology to startups and banks across the globe. The company'/s estimated yearly revenue is $34.6 million, its CEO is Matthias Kröner, and the company was founded in 2009. Fidor also offers other real-time support services to its clients.
6. SOLARIS BANK
Solaris Bank is a German financial technology platform with headquarters in Berlin. The company is headed by co-founder Andreas Bittner and has an estimated revenue of about $1 million. Solaris Bank, according to Crunchbase " enables digital companies to create custom solutions for their unique financial needs." The company was founded on March 14, 2016.
7. OPEN BANK PROJECT
Open Bank Project avails open source API for banks. Companies can use the Open Bank Project API to develop their own applications and offer unique services based on account holders' transaction data. This uses secure "enterprise ready technology stack," as well as safe internet protocols like OAuth.
8. MOVEN
Moven offers white label digital banking solutions. The New York based company has secured $24.41 million in investment funding since its founding on April 1, 2011, from 4 rounds of investment and 7 investors. Company's founder and CEO is Brett King. Annual estimated revenue stands at $2.8 million.
NEO-BANKS AND FINANCIAL TECHNOLOGY COMPANIES WITH NEO-BANK FUNCTIONS, WITH LINKS TO THEIR WEBSITES
CONCLUSION
In summary, Pertech Industries, Ipagoo, MatchMove, The Bancorp, Fidor, Solaris Bank, Open Bank Project, and Moven are companies from around the globe that provide white-label banking technology. Thanks for using Wonder! Please let us know if you need more help with your research.