Business Wire·Sep 22, 2026, 4:30 PM ET

MVB Bank Adopts Kobalt Labs AI Platform to Strengthen Fintech Partner Risk Oversight and Marketing Compliance

Kobalt Labs partners with MVB Bank to automate manual compliance workflows for fintech collaboration, due diligence, ongoing monitoring, and marketing compliance.
The partnership aims to streamline the partner experience while enhancing MVB's oversight, risk management capabilities, and consistency in meeting regulatory expectations.
Kobalt's AI platform supports vendor reviews, analyzes policies against evolving regulations, and generates defensible risk assessments to reduce reliance on manual processes.
MVB Financial Corp. powers fintech solutions in payments, card issuance, sponsorship lending, and online gaming while providing traditional banking services in the Mid-Atlantic region.
The collaboration was introduced by Klaros Group, which connects financial institutions with AI-driven solutions to address third-party risk management pressures.
MVB expects to accelerate review cycles, improve efficiency, and strengthen confidence in its ability to consistently meet regulatory requirements through this integration.
Kobalt's existing customer base includes major financial institutions such as Chime, Upstart, Zions Bancorp, Emprise Bank, Core Bank, and Meriwest Credit Union.
MVB Financial Corp. is publicly traded on Nasdaq under the ticker "MVBF" and includes forward-looking statements regarding future operations and potential risks.