• Vlad Lounegov, CEO at Mbanq


• 17.08.2023 07:00 am
#baas

Mbanq has created a Banking-as-a-Service (BaaS) ecosystem to leverage the power of a holistic approach to financial solutions. CEO Vlad Lounegov utilized his background and experience to create an all-encompassing technology and services solution based on the actual pain points of bankers and the global shift to digital banking.  

Early Career

Vlad Lounegov possesses over two decades of experience at the intersection of Financial Services and Technology, with expertise and knowledge in financial technology startups, investment, consulting, and M&A (mergers and acquisitions) due diligence. Originally based in London, he began his professional career in 2000. Vlad held leadership positions at large global consulting firms, including PwC, KPMG and Ernst & Young. He also co-founded PwC’s fintech Practice and led a research and analysis team in evaluating 1,600 fintech startups worldwide to identify innovators and disruptors in banking technology. 

This experience equipped him with the skillset, knowledge and insight to start Mbanq – a company that has seen tremendous growth in recent years due, to a large extent, to Vlad’s vision and strong professional foundation.  

Innovation of Mbanq 

Since 2016, Vlad has been working as the Founder and CEO of Mbanq, originally based in San Francisco, California. Mbanq started as a technology provider, transforming in 2017 into one of the most comprehensive Banking-as-a-Service fintechs globally. With offices across the US, Europe and Asia, Mbanq quickly emerged as a breakthrough leader in digital banking with the potential for industry dominance worldwide. Mbanq delivers cutting-edge financial technology in combination with regulatory and compliance solutions and the ability to help client platforms partner with sponsor banks. Its patented technology and financial services expertise empower any bank or corporation to build, launch and operate modern digital finance anywhere and at any scale, offering API-driven backend technology, access to global payments infrastructure, as well as consumer-facing white-label mobile apps. 

Today numerous traditional banks, neo banks, credit unions, digital banking fintechs and non-bank brands that offer embedded finance rely on Mbanq’s technology and services solutions. An outlier in the fintech industry, its technology and innovative services-driven business model enabled Mbanq to reach profitability a mere three years after launch. 

Vlad Lounegov says: “Mbanq’s competitive differentiation in the market, and especially in the United States market, is to deliver compliance-first as the key value proposition within Banking-as-a-Service. 

“Mbanq starts with compliance then deals with Dispute Resolutions-as-a-Service to handle transaction complaints on behalf of client platforms and brands. It provides a comprehensive services solution to underpin its more traditional digital banking technology offerings.” 

Looking into the Future  

Moving forward, Mbanq is committed to significantly contributing to the fintech industry and wider society. Mbanq is improving, simplifying and creating more inclusive digital financial services and financial transactions for U.S. consumers by building and enabling digital finance platforms, credit unions and Banking-as-a-Service driven digital banks that operate in these areas. 

Furthermore, education on the complexities and importance of regulatory compliance in this industry is crucial, so Mbanq is making great strides in simplifying and improving access to its Regulatory and Compliance-as-a-Service solutions for businesses engaged in digital finance. Finally, Mbanq’s approach promotes access to financial services for U.S.-based small businesses and low-income individuals by building and operating targeted digital financial services platforms for clients focusing on underserved market sectors and niches.  

Fulfilling the Mission  

As its mission statement highlights, “Mbanq brings the next generation of financial services to an interconnected world through world-leading digital banking technology.” Since its birth, Mbanq has been actively fulfilling this mission thanks to the unwavering backing and dedication of CEO and co-founder Vlad Lounegov. Building this company from the ground up and bringing it to profitability in just three short years demonstrates Vlad’s steadfast and driven nature, allowing him to make his mark on the fintech industry and beyond.