MVC Bank and Victor Technologies, a wholly-owned subsidiary of MVB Edge Ventures, announced that they have partnered with NYDIG to integrate MVB’s Banking-as-a-service (BaaS) solutions.
This allows MVB’s Fintech clients to offer a range of Bitcoin-related products such as trading and rewards, all powered by NYDIG’s platform, as well as the traditional banking products MVB has right now — good news for fintechs that want to incorporate Bitcoin into their offering.
NYDIG has a vision to make Bitcoin more accessible. Adding Bitcoin functionality to MVB’s already industry-leading Banking-as-a-Service solutions will propel that vision into reality and help our clients compete.
Larry F. Mazza, CEO and President of MVB Financial
Over 50 Fintech, Payments and Gaming clients, alongside millions of their clients, are currently empowered by MVB Bank’s diversified banking and payments solutions.
Matt West, the Chief Strategy Officer of MVB Financial and the Executive Chairman of Victor, said that MVB formed the Victor platform to launch and scale Fintech, Gaming, Digital Asset and Payments solutions faster and more easily. “We are thrilled that NYDIG chose to leverage Victor to integrate with MVB and that our developer-friendly APIs accelerated the timeline to launch this exciting program,” commented West.
NYDIG Chief Innovation Officer Patrick Sells stated that the ability to offer Bitcoin products and services was accessible to only a select few fintech companies. This is why they have decided to launch the first turnkey platform in the industry in order to seamlessly deliver white label banking and Bitcoin products, so that MVB’s clients would be empowered to continue innovating.
