OMB Bank Launches OMBX, Its Embedded Finance Division

Author

Slice of Finance Team
11 Feb

Key Highlights:

  • OMB Bank announces OMBX, a new embedded finance division.

  • Seven fintech clients already onboard, with more in the pipeline.

  • Launch of OMBX website: www.ombx.com.

  • Provides compliance, fraud prevention, payment processing, and analytics.

  • Aims to be a premier embedded finance partner for fintechs.

Source: Business Wire

Notable Quotes:

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"Embedded finance is revolutionizing the way businesses and consumers interact with banking services. With OMBX, we are meeting this demand head-on, offering clients a powerful banking partnership that delivers security, scalability, and compliance, allowing them to focus on building transformative financial products.”

Steve Bishop, President of OMBX & Chief Innovation Officer at OMB Bank
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“OMBX represents the next evolution of OMB Bank's commitment to innovation and financial technology. By launching this brand, we are strengthening our position as a trusted financial partner for fintechs and others, helping them navigate the complexities of embedded banking while delivering exceptional value to their customers.”

Mark Harrington, President & CEO at OMB Bank

Why This Matters:

Embedded finance is transforming how businesses integrate banking services, with the market expected to surpass $500 billion by 2029. OMBX positions OMB Bank at the forefront of this evolution, offering fintechs and digital companies a secure, scalable, and compliant financial infrastructure. As the demand for seamless financial integrations rises, OMBX is set to become a key player in enabling financial innovation.