First International Bank & Trust (FIBT) Named Service Bank for Raisin as Global Fintech Becomes First to Integrate with Kotapay’s Kavinu™ Platform
Kotapay, a division of First International Bank & Trust (FIBT), today announced Raisin, the global savings and investment platform, as the first financial technology company to integrate with its new bank-direct banking as a service (BaaS) platform, known as Kavinu. This integration expands on FIBT’s existing partnership with the German-based fintech leader, which already included serving as the holder of Raisin customers’ cash accounts. With the conversion of service bank responsibilities to FIBT, Raisin now accesses a variety of cloud-based microservices to processes fund transfers between external accounts and the 80+ banks and credit unions on the Raisin marketplace, as well as perform critical risk management and compliance functions.
Reimagining BaaS: Kotapay Unveils Kavinu at Money20/20 USA
Kotapay, a division of First International Bank & Trust (FIBT), today announces the launch of Kavinu, a direct-to-bank banking-as-a-service (BaaS) platform. Designed to eliminate the instability of middleware-reliant BaaS models, Kavinu connects financial innovators directly to an experienced bank partner already supporting electronic payments at scale.
