The Bank of Missouri looks to bring digital banking products to fintechs with i2c partnership
The Bank of Missouri (TBOM) has entered into a five-year partnership with US-based banking and payments technology firm i2c as it looks to provide its fintech clients with digitally native financial services.
The Bank of Missouri partners i2c for SaaS platform
Headquartered in Silicon Valley, California, i2c provides credit, debit, prepaid and core banking solutions via its Software-as-a-Service (SaaS) platform, which it says enables financial institutions and other service providers to create and offer financial services that suit “virtually any use case”.
As part of the partnership, TBOM says it will tap its new partner’s platform to onboard fintechs and enable sector participants to build “unique configurations of digital-first financial services”, such as virtual card and reward programmes, loans and account services.
Mark Barker, EVP, chief contract services officer at TBOM, says the selection of i2c was driven by its “configurable suite of products” and “full suite of managed services”.
“With i2c as our strategic platform processor provider, we can quickly and easily deliver a full suite of financial products and services to our fintech clients, while allowing them the flexibility they need to differentiate themselves against their competitors,” Barker explains.
The vendor’s tech has previously been leveraged for the same purposes by Mashreq Bank, which tapped i2c last March to bring digital payment solutions to fintechs in the UAE. Elsewhere, the company’s SaaS platform was also used to power the launch of the Beyon Money app in Bahrain in late 2021.
