Collaboration empowers banks with cutting-edge payment processing and dynamic compliance ecosystem
Avalo Labs (“Avalo”), a cutting-edge platform providing compliance and risk technology for financial institutions, and Braid Technologies (“Braid”), a leader in empowering community financial institutions to become fintech powerhouses, announced a strategic partnership. This collaboration will enable financial institutions to modernize their payment infrastructure while maintaining full compliance with evolving regulations.
The partnership integrates Braid’s payment core technology with Avalo’s advanced compliance, risk management, and cross-border payment ecosystem. This streamlined solution allows financial firms to expand into Banking-as-a-Service (BaaS), fintech, correspondent banking, and Money Service Business (MSB) programs, among others. With minimal integration into existing core systems, banks can significantly reduce setup time and costs while deploying state-of-the-art payment infrastructure and ensuring robust regulatory compliance.
Randy San Nicolas, Co-founder and CEO of Braid, said, “Our partnership with Avalo is transformative for financial firms of all sizes. Together, we empower community financial institutions to support complex third-party programs like fintechs and MSBs, all while upholding the highest regulatory standards.”
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Stephen Coburn, Co-founder and CEO of Avalo, added: “This alliance marks a significant step in redefining borderless banking. Our comprehensive solution allows financial institutions to navigate domestic and cross-border transactions with ease, speed, cost-efficiency, and confidence. Together, we provide a seamless, full-suite solution that helps institutions tackle both technical and regulatory challenges in launching successful digital payment programs.”
The Avalo-Braid platform integration unlocks potential new revenue streams for banks through expanded service offerings. Financial institutions can now provide wholesale payment services to a diverse range of clients, from commercial and SME customers to digital-only banks, peer-to-peer payment apps, and online lending platforms, among others. This creates new partnership opportunities and allows community, regional, and correspondent banks to compete more effectively in the digital banking space.
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