The partnership aims to assist businesses in managing their expenditures, streamlining processes, and boosting brand loyalty by developing a distinct financial control and branding enhancement platform.

Fintech solutions and the collaboration between Qorbis and Mbanq

According to the details provided in the announcement, the service is currently operational at an alpha-testing phase. This innovative solution offers unprecedented flexibility for brands, providing:

• Brands can issue an unlimited number of cards and accounts for employees, fans, and customers.
• Full balance management and real-time expense tailoring are available to each brand, covering a wide range of expenses from airport transfers to luxury purchases like superyachts.
• Brand financial managers gain comprehensive spend oversight to simplify large-scale events such as film productions, sports and entertainment events, and corporate travel logistics.

This collaboration was particularly beneficial for smaller businesses that previously lacked access to these tailored solutions. Qorbis facilitates the creation of new revenue streams, increases brand loyalty, and simplifies corporate spending management through flexible, customisable, and scalable financial tools.

Qorbis offers branded corporate cards, smart money management with real-time reporting, accounting integration, and a global concierge service in one package. It enables any business to develop custom banking and payment services such as current and savings accounts, payment solutions, and debit cards under their own brand.

Main Features of Qorbis Fintech Platform

The fintech platform also provides customer personalisation with the following key features:

• Real-time visibility into spending and flexible expense reporting from a single device, enabling extensive corporate financial controls.
• Unlocking new digital revenue streams by sharing income from customer purchases and interchange fees.
• Fostering strong promotional tools that increase brand loyalty and add value to customers through tailored reward and loyalty programs.

Stephen Williams, CEO of Qorbis, highlighted the effectiveness of embedded finance when approached with a personalized strategy. The company’s platform allows brands to treat each user as an individual. Additionally, Mbanq improved the financial solutions offered by ensuring that they could integrate regular banking services across the international financial ecosystem while maintaining strict regulatory compliance.

Vlad Lounegov, CEO of Mbanq, emphasized that Qorbis’ solutions bring advantages such as flexible expense management and enhanced customer engagement, alongside new fintech revenue opportunities.