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Neobanks continue to face a unique challenge in 2024: standing out in a market dominated by traditional banking institutions. As big banks intensify their digital transformation efforts, fintech startups and neobanks need to act strategically.
One of the most efficient ways to compete in this crowded market is by leveraging white-label neobank solutions. These platforms enable neobanks and fintech leaders to launch tailored financial services quickly and affordably, while maintaining flexibility and scalability.
What Are White-Label Neobank Solutions?
A white-label neobank solution is a pre-built banking platform that can be customized with just a company’s branding, features, and services. These platforms provide a cost-effective way for startups and financial institutions to launch fully branded digital banking products without building infrastructure from scratch.
White-label solutions are particularly appealing for neobanks aiming to offer digital wallets, payment services, lending, or investing — all without the need for heavy upfront investment.
Key Benefits of White-Label Solutions for Neobanks
White-label banking platforms are becoming increasingly popular among neobanks and fintech startups for several reasons:
1. Faster time-to-market
Launching a neobank from scratch can take years. With white-label solutions, businesses can roll out customized digital banking services in a matter of weeks. This speed enables neobanks to adapt quickly to changing market demands and stay ahead of the competition.
2. Reduced costs
Developing banking infrastructure in-house is expensive. White-label solutions significantly lower operational and development costs, making them a more viable option for startups and scale-ups aiming for profitability.
3. Built-in regulatory compliance
Navigating financial regulations can be daunting. Leading white-label platforms for neobanks come with robust compliance frameworks, helping businesses meet EU regulations like KYC (Know Your Customer), AML (Anti-Money Laundering), and PSD2 requirements.
4. Scalability and flexibility
White-label platforms provide a modular infrastructure that grows with your business. Whether you need to add new features like multi-currency accounts or expand to new markets, white-label solutions offer the flexibility to scale seamlessly.
5. All-in-one capabilities
Neobanks can offer diverse services — such as digital wallets, currency exchanges, or investment tools — through a single platform. This versatility helps attract a wider customer base and enhances customer loyalty.
Top 5 White-Label Neobank Providers in Europe
Europe is home to several industry-leading white-label neobank solutions. Below, we explore the strengths and constraints of five top providers: Intergiro, Swan, Velmie, Crassula, and SDK.finance.
1. Intergiro
Best for: consumer-focused banking apps
Intergiro offers an embedded financial services platform designed for rapid deployment and scalability. Key features include:
Potential constraint: Intergiro's Marketing-as-a-Service (MaaS) may not be relevant for neobanks with their own in-house teams.
2. Swan
Best for: business banking platforms
Swan specializes in Banking-as-a-Service (BaaS) for accounts, cards, and payments. Highlights include:
Potential constraint: Some features, such as card acquiring, are still in development.
3. Velmie
Best for: global neobank initiatives
Velmie provides modular, scalable banking software with a global focus. Key strengths include:
Potential constraint: May offer unnecessary features for businesses focused exclusively on Europe.
4. Crassula
Best for: crypto-friendly neobanks
Crassula offers a hybrid platform for traditional and crypto services. Key benefits include:
Potential constraint: As Crassula aggregates banking-as-a-service providers, you must collaborate with third parties and ensure compliance with European regulations.
5. SDK.finance
Best for: Highly tailored banking solutions
SDK.finance offers robust banking software with out-of-the-box integrations for KYC, payment gateways, and FX. Key features include:
Potential constraint: May require more customization compared to plug-and-play solutions.
Choosing the Right White-Label Solution for Your Neobank
Selecting the right white-label banking platform depends on your specific needs. Consider factors such as:
Get Started with a White-Label Neobank Solution
In 2024, the competitive edge for neobanks lies in choosing the right tools for growth. White-label banking solutions offer a fast, cost-effective, and scalable way to launch a tailored neobank experience. Whether you're a fintech startup or an established financial institution, white-label platforms can help you stay ahead in a rapidly evolving industry.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Victor Irechukwu Head, Engineering at OnePipe Services Limited
29 November
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
Valeriya Kushchuk Digital Marketing Manager at Narvi Payments
28 November
Alex Kreger Founder & CEO at UXDA
27 November
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