Magnetiq Bank Expands Service Portfolio with Lending-as-a-Service Solution

As part of its commitment to developing digital financial infrastructure, Magnetiq Bank has launched a new solution: Lending-as-a-Service (LaaS). This service enables fintech companies and businesses to integrate full-cycle lending processes into their own platforms, leveraging the bank’s license and technological foundation.

Current market trends show that financial services must be available precisely where the customer makes a purchase or transaction. However, building an in-house lending system typically requires significant resource investment and navigating strict regulatory requirements. Magnetiq Bank’s LaaS solution allows companies to become lenders within their own ecosystems without the burden of maintaining banking infrastructure.

Key Benefits:

• Innovation Without Investment: Platforms (fintechs, SaaS, marketplaces, non-bank lenders or similar) can integrate lending services without investing massive resources into building their own infrastructure.
• Regulatory Security: As a licensed European Union bank, Magnetiq Bank takes full responsibility for compliance, AML/KYC processes, and licensing.
• Modern Technology: A strong focus on API integration ensures fully automated application submission and processing.
• White-Label Solution: Partners can offer loans under their own brand, ensuring a seamless and consistent customer experience.
• Full-Cycle Support: Magnetiq Bank provides the necessary funding (balance sheet) and handles loan servicing throughout the entire lifecycle.

“We believe the future of banking is deeply rooted in the integration of services into everyday processes. With Lending-as-a-Service, we empower our partners to become leaders in their industries by offering financing where it is needed most – directly to the customer,” says Jakub Wieclaw, Chairman of the Board at Magnetiq Bank.

We invite you to learn more about our new service here.

About Magnetiq Bank

AS Magnetiq Bank is a Latvia-licensed bank with a strategy focused on the needs of fintech, startups, and e-commerce service providers. The Bank offers banking infrastructure, safeguarding accounts, payment solutions, and lending services. Magnetiq Bank’s mission is to foster the growth of the startup and e-commerce sectors by leveraging innovative technologies and delivering exceptional customer service.

Magnetiq Bank is a member of the Signet Bank Group. Its sole shareholder – Signet Bank Group – is one of Latvia’s leading financial services groups, providing lending, investment banking, asset management, and consumer finance, as well as traditional banking services.