Codego provides a white-label banking solution that includes core banking services, card issuance, and real-time transaction monitoring, enabling financial institutions to efficiently manage payments and currency exchanges. Their platform supports multiple fiat and cryptocurrency transactions, offering customizable prepaid and debit card programs with instant issuance and strong authentication features.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in efficiently managing payments, currency exchanges, and card issuance while ensuring compliance with evolving regulations and security standards. Traditional banking systems often lack the flexibility to support diverse transaction types, including both fiat and cryptocurrencies, hindering their ability to cater to modern customer demands.
Solution
Codego offers a white-label banking solution that streamlines core banking operations, card issuance, and real-time transaction monitoring for financial institutions. The platform supports a wide range of fiat and cryptocurrency transactions, enabling customizable prepaid, debit, and virtual card programs with instant issuance capabilities. Codego's solution incorporates strong authentication features, including PSD2 compliance, to enhance security and prevent fraud. By leveraging Codego's platform, financial institutions can quickly deploy branded card programs, manage IBAN accounts in multiple European countries, and provide customers with a mobile application offering comprehensive banking services.
Target Audience
Codego targets banks, fintech companies, and financial institutions seeking to offer white-label banking services, card programs, and efficient payment solutions to their customers.
Features
- Core banking services including frontend, backend, transaction monitoring, KYC, liveness detection, and PEP/sanctions list screening
- BIN sponsorship, providing access to multiple sponsor BINs for prepaid, debit, and corporate cards
- Card-as-a-Service (CAAS) for issuing plastic, metal, wood, transparent, and virtual cards
- Support for Apple Pay and Google Pay integration
- Virtual and physical acquiring services
- Local IBAN accounts in 6 European countries
- Mobile application with support for multiple fiat and 500+ cryptocurrencies
- Real-time transaction settlement
- PSD2 compliant strong authentication using device and facial recognition