PoetrYY Finance has launched with the aim of transforming the banking landscape for underserved communities, startups, small businesses, and individuals.
The firm is set to leverage Mbanq‘s cutting-edge Banking-as-a-Service (BaaS) platforms the partnership focuses on offering innovative, secure, and inclusive financial solutions.
The partnership between PoetrYY Finance and Mbanq will also lead to the development of several FinTech innovations, including a collegiate athletes Name, Image, & Likeness (NIL) financial service partnership and a College & University Endowment Collective, focusing on Historically Black Colleges and Universities (HBCUs).
PoetrYY Finance stands out as a beacon of financial empowerment, offering comprehensive financial services and solutions that include debit cards, checking accounts, and peer-to-peer payments. They seamlessly integrate traditional banking services into an easy-to-use, mobile-friendly platform, equipped with advanced biometric technology for enhanced security.
Mbanq is known for its regulatory prowess, modern technology, and industry-specific solutions. They provide white-label mobile apps and open banking APIs to empower traditional banks, neobanks, credit unions, and FinTech platforms to create and operate digital finance solutions. Their offerings ensure a modern digital experience while maintaining compliance and encouraging innovation.
Delon Turner, Chairman of PoetrYY, expressed his enthusiasm about the partnership with Mbanq: “Mbanq has been instrumental in helping PoetrYY bring its vision to life. Mbanq’s technology, compliance, and operations support have been invaluable in creating and running our neobank efficiently and cost-effectively. We are excited to offer inclusive banking solutions that make a positive difference to the lives of our customers.”
Mbanq’s CEO, Vlad Lounegov weighed in on what sets PoetrYY apart, emphasizing the importance of community: “The team at PoetrYY Finance believes in US communities and the people that serve them. PoetrYY’s inclusivity and market potential make it stand out in the neobanking space, with huge potential for growth.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global