Developing a crypto-friendly banking platform from scratch can be complex and expensive, especially for a company getting into the financial market for the first time. This is why white label banking software makes an ideal option.
A white label solution is a ready-made solution with ready-to-deploy back-end. Any business that chooses to buy crypto friendly banking solution can easily customize it as per its branding and quickly launch the software into the market. White labelling not only saves development time but also minimizes the development cost.
A Glimpse into White Labelling and FinTech Today
Looking at the banking sector today, it’s not wrong to say that white label solutions are a highly profitable strategy. As these sectors become more open to partnerships with third parties it has become easier to save both resources and time when deploying new solutions.
Most FinTech companies and businesses are looking for reliable tools and applications to deploy their financial solutions. According to the recent survey conducted by FinTech State of the Nation report, it is expected that the number of FinTech companies in the UK will double up by 2030, which means that white label banking solutions are more likely to increase as well.
White Label Banking Software Development Services
Buying ready-to-use software solutions has become a viable strategy for many finance start-ups. Even the traditional banks are following this route as they steer towards the digital era where everything is paperless and digital.
Here’s a feature checklist for white label banking software:
Client onboarding– when a client signs up for your crypto-friendly banking services, they go through an onboarding process that gets the complete information required for creating their account.
Savings and checking accounts– white label solutions offer services that help you to manage clients’ checking and savings accounts.
Virtual card issuance– with the integration of a white label banking solution, you can issue debit and credit cards to users virtually.
Simplified bill payments– white label banking can help you ensure effortless bill payment processes.
Deposits and withdrawals– white-label software facilitates depositing and withdrawal of funds as it applies to most FinTech services.
Insurance– the software solution enables you to provide users with insurance quotes. The application collects the user’s required information and gives the quotes to help find out a suitable insurance policy.
To Sum Up
Undoubtedly, crypto-friendly baking software solutions have caused significant disruption all across the globe. The white-label software helps save time, money and keeps companies focused on their core business operations rather than the technology itself.
How Antier Solutions can help?
Antier Solutions can help start-ups, well-established organizations, and financial institutions to launch their crypto banks. Strengthened by a team of finance and technical experts, we provide complete solutions – from guiding on compliance to acquiring a bank license to providing a white label banking ecosystem packed with all essential banking functions, including bank accounts, credit/debit cards, payments, trading, lending, and user onboarding.
Schedule a free demo of our white label banking software or connect with our subject matter experts to share your business requirements.
