German Fintech Finleap‘s proprietary platform, Finleap Join, has launched a white-label cellular banking app that companies can shortly launch with their very own firm identify and branding.
Finleap’s digital banking app permits customers to keep up an all-digital account, which can be used to conduct e-commerce transactions and deal with fee card administration.
The Fintech agency’s product relies on the full-banking license and the APIs developed particularly for managing digital financial institution accounts and fee playing cards of one other German Fintech firm, SolarisBank.
Liechtenstein-based Insurtech agency, The Prosperity Firm, has reportedly registered to make use of the white label product, with a view to assist it additional increase its line of services and products.
Frank Kebsch, CEO at Finleap Join, acknowledged:
“Digital Bank is by no means a challenger bank, rather an extension of the existing product range to include banking functionalities in the context of, for example, someone’s life situation, the specifics of a particular industry, the regional context, or even a business transaction – this is called contextual banking.”
“It is precisely this addition that is relevant for different providers, even for completely new target groups and industries.”
FinLeap Join was formally launched in August 2019.
As famous in an announcement at the moment, the Fintech platforms Finreach Options and Infinitec Options grew to become a part of FinLeap Join.
As defined by the corporate:
“The Finleap Connect brand will unite Finleap’s expertise and products as well as talent from its international markets team, the Fintech platforms Finreach Solutions and Infinitec Solutions, as well as the banking service provider figo.”
Ramin Niroumand, founder and CEO of FinLeap, remarked (in August of final yr):
“Over the past five years we have developed Finleap from being a company builder to [a] Fintech ecosystem in Europe. We see an increased demand in the European market for a comprehensive product offering….Finleap [aims to] meet this need and bring together this expertise under the Finleap Connect brand.”