Infinant, a North Carolina-based embedded finance company, last week announced it was partnering with Agility.io, a leading digital software provider, to help expedite the deployment of banking-as-a-service (BaaS) fintech applications for financial institutions.
Infinant offers a flexible platform and launch-acceleration tools for banks to distribute financial products through non-financial institution providers — such as retail shops — and distribute products and services from fintech through their bank channels. Its platform, known as Interlace, provides banks choice in their selection of features, fintech and processors for complete ownership of their ecosystem.
Agility, based in New York City, is the developer of Kash, a white-label banking application that integrates with all top BaaS platforms.
By seamlessly integrating Agility’s Kash app with Infinant’s Interlace platform, banks gain access to highly customizable digital solutions, eliminating the hurdles typically associated with legacy core integration.
Infinant’s coreless platform heralds a paradigm shift for community and regional banks, enabling them to navigate the BaaS landscape with agility and autonomy. CEO Riaz Syed affirms, “Our collaboration with Agility.io empowers our bank clients to fast-track the launch of their digital apps or BaaS solutions, while ensuring regulatory compliance.”
According to Allied Market Research, a consultancy, the global BaaS market is projected to reach $22.6 billion by 2032, growing at a CAGR of 19.3% from 2023 to 2032.
Infinant’s platform-centric approach is poised to redefine the financial services landscape, offering banks unprecedented control and flexibility. Angelina Ho, CEO of Agility.io, expresses enthusiasm for Infinant’s vision, noting, “We applaud Infinant’s commitment to reshaping the future of BaaS.”
The integrated solution empowers banks to streamline compliance processes and accelerate the rollout of their digital brands, catering to diverse retail and business needs.
Agility Kash, a versatile solution tailored for the financial sector, enables companies to expedite time-to-market by licensing and white-labeling modern web and mobile applications, typically reducing deployment timelines by six months.