Yobota enters Banking-as-a-Service market

Thursday 14 October 2021 09:53 CET | News

UK-based core banking provider Yobota has announced its move into the Banking-as-a-Service (BaaS) market through a new partnership with Chetwood Financial.

Yobota has partnered with Chetwood to intermediate a version of the bank’s new BaaS offering. The technology vendor provides the core banking system (CBS) that helps businesses to embed lending and deposit products into their proposition, and thereby offer compliant financial services to end-customers under Chetwood’s banking licence.

Yobota offers pre-packaged, regulatory compliant products and processes built on top of its cloud- native CBS and quant engine. It also provides a suite of APIs required for integrated banking services.

The vendor’s BaaS components include core banking provision, APIs that can be deployed against bank partners, regulatory coverage, white labelling, consultancy, and partnerships. Yobota system’s flexible architecture allows businesses to configure bespoke, intelligent, and scalable financial products.

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Keywords: BaaS, partnership, product launch, API
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United Kingdom
This article is part of category

Banking & Fintech