05 August 2025 | Tuesday | News
Picture Courtesy | Public Domain
XData Group, a European software development company focused on the banking sector, has introduced its newest product, Comcora — a white-label BaaS (Banking-as-a-Service) solution designed to help banks and fintech startups launch modern digital services quickly and with minimal complexity.
Comcora is built with two main customer groups in mind: established banks looking to modernize their offerings, and fintech startups in need of a robust infrastructure to launch new services.
For banks, Comcora provides a ready-to-deploy, customizable digital platform that integrates with their existing core systems. For startups, it offers a flexible, modular foundation — from payments to advanced financial tools — that can grow as their business evolves.
"We created Comcora to make digital banking accessible and scalable, especially across Central and Eastern Europe. Too many licensed institutions still don't offer basic features like virtual cards or a mobile app. Our mission is to change that — to help them take a big leap forward through a fully adaptable platform that can meet modern user expectations," — stated Donat Husjainov, Chief Product Officer at XData Group.
The name Comcora comes from "common core" — reflecting the product's main idea and architecture. It's a stable foundation that can be scaled and customized to adapt to any brand, business model, or market audience.
And it's not just about infrastructure. Unlike many other BaaS solutions that expect clients to have strong internal tech teams and deep development resources, Comcora offers a fully ready platform that's quick to integrate and simple to launch — without unnecessary complexity or costs.
Fintech Business Asia, a business of FinTech Business Review
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