Neo/Challenger Banks

Orenda has made it simpler than ever to start a neo bank from scratch, removing the high barriers to entry into the ever-evolving market – all without needing any coding experience.

With its revolutionary technology, creating a BaaS product is now more accessible than ever, with Orenda’s infrastructure making the process straightforward and easy.

The neo/challenger banks industry is an exciting, groundbreaking development in the world of finance. Still, it faces numerous problems, such as building and retaining customer loyalty, who often have a heightened level of scepticism due to the industry’s newness.

There are many regulations that all financial institutions must abide by, which can be challenging – especially when they can change frequently. All these hurdles must be overcome if neo/challenger banks are to succeed in creating financial institutions that run smoothly and harmoniously. However, embedded finance may be the answer to streamlining operations.

By integrating embedded finance and Orenda’s drag ‘n’ drop widgets, you can access cutting-edge features that promote customer loyalty, ultimately leading to long-term growth for your FinTech bank.

According to Insider Intelligence, there will be a remarkable 46.4% increase in US neo bank account holders between 2022 and 2026 – up from 23.3 million in 2020 and 33.5 million in 2021.

Elevate your FinTech journey with embedded finance, offering your customers a seamless and cutting-edge banking experience.

Embedded finance offers convenience and the power to deliver better financial products and services through real-time customer insights. Our dashboard helps you to understand your customer’s needs and preferences and tailor your offerings accordingly.

Easily access a range of services from Orenda, such as account opening, transactions, savings, and lending right from your platform with just a few simple clicks, anytime and anywhere. It helps you focus on what you do – serving your customers – so you can be at the forefront of your industry.

Embedded finance offers convenience and the power to deliver better financial products and services through real-time customer insights. Our dashboard helps you to understand your customer’s needs and preferences and tailor your offerings accordingly.

Easily access a range of services from Orenda, such as account opening, transactions, savings, and lending right from your platform with just a few simple clicks, anytime and anywhere. It helps you focus on what you do – serving your customers – so you can be at the forefront of your industry.

The
Benefits

  • Our cutting-edge technology makes it possible to issue cards, accept deposits in several currencies, and process international payments.

  • Easily issue your own branded virtual (or physical) cards from Visa. Orenda can creatively design your cards with your branding.

  • With the Orenda platform and access to licences worldwide, you'll never have to be concerned about where your next breakthrough will happen.

  • We provide a no-code/low-code solution to empower businesses to enter the financial market which previously wasn't possible.

  • Each no-code widget in our completely customisable web and mobile apps has its own pre-built complicated API functionalities integrated.

  • Our payment Networks include UK Faster Payments, SEPA (EU), SWIFT and Apple Pay to facilitate quick and secure transactions.

Contact us

Are you ready to experience the power of embedded finance for your neo or challenger bank?

Contact us today to learn more about how embedded finance can revolutionise the banking industry for better customer service and more convenient access to financial services.

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