Equals unveils cutting-edge Banking-as-a-Service solution, gains early adopters CASHet and Chorus-TM

15:42, 5th June 2024
Paul Hill
Paul Hill
PMH Capital
TwitterFacebookLinkedIn

Building, testing, and continually improving one's own state-of-the-art B2B payments platform, alongside obtaining and complying with increasingly tough FCA regulations is far from simple.

Indeed, that's why more and more fintech businesses are instead choosing to 'white-label' such services from best-in-class operators like  () .

In fact, augmenting its own leading products,  has just launched a new top-notch Banking-as-a-Service (BaaS) solution that can be 'white-labelled' by external 3rd parties.

The BaaS includes custom-branded cards, global payments, and multi-currency IBANs - thus opening up extra revenue streams and enabling white-label partners to 'run on 's banking/payment rails' without having to either secure regulatory licenses (re AML, KYC, etc) or invest in expensive technology. A win-win situation.

Here CASHet, a US film services payments provider, and Chorus-TM, a global treasury management solution for the music and entertainment sector, have both already signed up as early white label partners.

James Simcox, Chief Product Officer and MD International for Equals, says: "This move essentially means businesses can become a banking provider with just a few lines of code - thanks to the infrastructure already put in place by Equals."

Follow News & Updates from Equals Group: 

TwitterFacebookLinkedIn

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Watchlist