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XTM and KABN North America Unveil New Challenger Banking Program For Verified Self Sovereign Identity Users

XTM-and-KABN-North-America-Unveil-New-Challenger-Banking-Program-for-Verified-Self-Sovereign-Identity-Users

XTM, Inc., a Toronto-based Fintech company in the challenger banking space, providing mobile banking and payment solutions around the world,  together with fintech leader in the Self Sovereign Identity (SSI) space, KABN Systems North America Inc. (“KABN North America”) announce the launch of the KABN Visa Card and digital banking solution.  Users of KABN’s Liquid Avatar platform will have the added features of XTM’s sophisticated fintech, bank-in-a-box solution.

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XTM’s cloud based, PCI compliant web and mobile architecture has the features common to neo banking including transaction tracking, balance reports, e-Transfer/ACH, bill-pay, card-to-card transfers, card to bank, suspicious activity notifications and more, including:

  • Multi-language, time-zone and multi-currency support
  • Publicly published APIs to facilitate rapid integrations
  • Lending and adjudication engines facilitating overdraft and other credit offerings
  • Multi-bank and multi-processor integrations allowing for quick launch and rollout

KABN North America, by way of its Liquid Avatar platform provides a biometrically, verified, SSI solution which allows users to manage a wide range of verifiable credentials, online site and program access, and data permissions, putting control over personal data in the hands of its owners.

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“KABN North America’s unique business model creates opportunities to convert a growing number of qualified, authenticated users into active program participants,” says Marilyn Schaffer, CEO of XTM.  “This is our second initiative with KABN North America, as we recently joined their healthcare consortium to introduce our other program participants to the COVID-19 verifiable identity healthcare credential.  We are thrilled to be aligned with the powerful, international KABN North America team.”

“We’re excited to launch our challenger bank program, with XTM, as our first financial services offering, to those with a verified Self Sovereign Identity,” said David Lucatch, CEO KABN. “Our goal is to power Liquid Avatar users and other partner program participants to be able spend a blend of traditional and digital currencies, like cash back balances from KABN KASH, while ensuring that they manage and control their identity, data and the respective value it creates.”

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