OMB Bank has announced the launch of OMBX, a specialized embedded finance division crafted to assist fintech companies and digital businesses with seamless banking solutions. With seven fintech clients already onboard and more in the pipeline, OMBX aims to establish itself as a top-tier partner in the embedded finance sector. The introduction of a dedicated website, www.ombx.com, marks a pivotal step in OMBX’s commitment to providing clients with scalable and compliant banking infrastructure. By merging advanced technology with a banking partner that comprehends the fintech landscape, OMBX simplifies the financial integration process for innovators looking to incorporate financial products into their platforms.
Steve Bishop, president of OMBX and chief innovation officer at OMB Bank, commented, “Embedded finance is transforming how businesses and consumers engage with banking services. With OMBX, we are addressing this demand directly, offering clients a robust banking partnership that ensures security, scalability, and compliance, allowing them to concentrate on developing transformative financial products.”
The embedded finance market is experiencing rapid growth, with global revenue forecasts exceeding $500 billion by 2029. OMBX is dedicated to positioning itself as a leader in this field, offering a seamless integration process, compliance support, fraud prevention, payment processing, and comprehensive analytics tools.
Mark Harrington, president and CEO of OMB Bank, stated, “OMBX epitomizes the next step in OMB Bank’s dedication to innovation and financial technology. By launching this brand, we are bolstering our position as a reliable financial partner for fintechs and others, aiding them in navigating the complexities of embedded banking while providing exceptional value to their customers.”
The launch of OMBX reinforces OMB Bank’s vision to become a preferred partner in embedded finance, enabling clients to scale rapidly and securely. With the rising demand for integrated banking services, OMBX is poised to play a vital role in shaping the future of financial technology.
About OMBX
OMBX is the embedded finance division of OMB Bank, offering alternative banking solutions including payment processing, compliance, fraud prevention, and analytics. OMBX is designed to help fintechs and other companies scale efficiently while ensuring security and compliance through a superior financial infrastructure. For more information, visit www.ombx.com.
About OMB Bank
Established in 1999, OMB Bank is dedicated to improving banking for families, businesses, and communities with its superior consumer, commercial, treasury, mortgage, and digital banking services. Headquartered in Springfield, Missouri, OMB operates nine branch locations across Southwest Missouri and the greater Kansas City metropolitan area, along with dedicated mortgage and commercial lending centers in Springfield. For more details, visit www.ombbank.com.