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Verestro unveils Banking-as-a-Service platform

Source: Verestro

Verestro, a leading provider of innovative financial technology solutions, is proud to announce the launch of its technologically advanced Bank-as-a-Service (BaaS) platform.

This comprehensive product is designed to empower banks worldwide with the ability to offer BaaS solutions to their customers and partners, revolutionizing the way digital financial services are delivered.

Verestro, supported by Mastercard, aspires to be a game-changer in the financial technology landscape, providing banks with a reliable and customizable solution that can be quickly and seamlessly integrated with their existing backend systems. The platform is accessible through APIs (Application Programming Interfaces) or SDKs (Software Development Kits), ensuring a smooth and efficient integration process for financial institutions.

Key features of Verestro's BaaS platform include:
• Embedded product suite: The BaaS platform boasts a diverse range of digital products, allowing banks to offer their customers an extensive selection of services, including card issuing, payouts to cards, loyalty programs, and more.
• White-Label solution: Banks can leverage Verestro's BaaS solutions as a white-label application, enabling them to package their banking expertise, regulatory compliance, and technological infrastructure into a fully branded offering for non-bank entities.
• Readiness: The platform is already live, ensuring a seamless and immediate implementation process.
• Full security and functional certification: Verestro's BaaS platform has undergone rigorous security and functional testing, ensuring customers' data and transactions security.
• Implementation time: With an agile project methodology, Verestro guarantees a swift and efficient implementation process, with a timeline of 6-8 months.
• Developer Zone and sandbox: To facilitate rapid development and testing, Verestro offers its Developer Zone and a sandbox, allowing banks to try out the platform's functionalities before going live.

"The Verestro BaaS platform not only streamlines banking operations but also opens up new opportunities for collaboration with non-bank entities, fostering innovation and growth in the financial sector.", said Krzysztof Drzyzga, CEO at Verestro.

Verestro's BaaS platform can be hosted locally or accessed via the Software-as-a-Service (SaaS) model, providing flexibility to financial institutions as per their requirements.
For banks looking to expand their services, increase market presence, and deliver exceptional customer experiences, Verestro's Bank-as-a-Service platform offers the perfect solution. To learn more about Verestro's BaaS platform and explore the possibilities of launching BaaS services in your market, please contact sales@verestro.com.

Verestro is a leading provider of innovative financial technology solutions, empowering banks, fintechs, money transfer organizations, micro-lending, insurance, crypto companies, and other types of businesses to drive growth in fintech, increase efficiency, and customer satisfaction all over the world. With a strong focus on cutting-edge financial technology and high security standards, Verestro aims to revolutionize the financial services industry through its complex products and services.

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