MVB Bank has partnered with Kobalt Labs to automate compliance and risk management workflows covering fintech partner collaboration, due diligence, ongoing monitoring, and marketing compliance. Kobalt’s AI-powered platform is designed to help MVB streamline partner reviews while strengthening oversight as financial institutions face increasing regulatory complexity. The platform can review vendors and fintech partners, analyze policies and procedures against evolving regulatory expectations, and support security and marketing compliance assessments. It is also designed to generate consistent and defensible risk assessments more quickly, helping financial institutions reduce reliance on manual processes.
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“If you want to show your regulators you’re doing it right, you have to add consistency and scale with technology,” said Kalyani Ramadurgam, CEO and co-founder of Kobalt Labs. “We’re excited to partner with MVB and help them expand and automate their risk oversight.” Larry F. Mazza, CEO and President of MVB Financial, said, “We share a strong commitment to effective risk oversight and management while meeting regulatory requirements, and we’re confident this partnership will help us do that at scale.” The companies were introduced by Klaros Group, which advised on the partnership. MVB expects the collaboration to streamline fintech partner reviews while supporting consistent regulatory compliance.
