Challenges of bank-fintech cooperation
Problem. Product related partnerships offer banking institutions a balanced risk-reward approach in tackling
competitive and regulatory pressures. Increasingly they adopt a new Bank-as-a-Service (BaaS) model as a technical and regulatory interface towards fintech product partners.
However, as a result of legacy core systems, high regulatory costs and the introduction of additional risks, BaaS model falls short of expected performance leaving fintechs with a higher cost basis and operational bottlenecks.
High concentration risk
High development cost
Significantly lower cost
Solution. Our technology enables banking institutions to act as effective BaaS platforms by making it possible to simultaneously engage with multiple fintech partners,
comply with partner supervision requirements and
management of associated risks.
It solves fundamental technological and economic issues of the BaaS business model by providing the necessary tools to effectively manage end-to-end partnership lifecycles.
What is MGateway BaaS technology?
Covers critical functions for managing the end-to-end partnership life-cycle.
BaaS Product Platform
Provides necessary technical infrastructure for the end-to-end
product development life-cycle.
Automated partner KYC and outsourcing analysis
Partner risk management
Monitoring and analysis of business and material risks
Automated generation of reports and audit information
Issuance of instructions, limits, and initiation of processes
Standardized product setups
Using standardized API products across multiple partners
External TPP integrated solutions
Integration of TPP solutions for a 360° product coverage
Implementation of ISO 27001 standard, use of VPN and
VPC, distributed IT architecture.
RESTful API microservices
Provision of continuous integration and delivery (CI/CD)
Example BaaS Products
Enabling product partners to provide end customers, with the completely digital end-to-end identification and verification process within 7 minutes.
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Launching new products
Enter into product partnerships with innovative FinTech companies to extend your core banking services
Optimize your balance sheet assets structure, liquidity or P/L position through business diversification
Onboard multiple partners per product line without increasing marginal costs, additional development or risk exposure
Rapidly launch your product with MGateway's integrated banking partners
Obtaining a license umbrella
Acquire a license umbrella and manage compliance requirements through MGateway
Partner with additional banking institutions to minimize dependency or to acquire new customers