OMB Bank Launches OMBX, Its Embedded Finance Division
Slice of Finance Team
02/11/2025
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
Quotes
“ "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
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.
