In a bold move that could reshape the digital banking landscape, XData Group has launched Comcora, a customizable white-label Banking-as-a-Service (BaaS) platform designed to help traditional banks and fintech startups build modern digital banking solutions — without the need to develop the infrastructure from scratch.
XData Group: Who Are They and What Do They Do?
XData Group is a leading European fintech infrastructure company specializing in digital banking solutions. Headquartered in Tallinn, Estonia, the company provides modular banking technology platforms that power digital finance operations across Central and Eastern Europe.
Their core mission is to simplify digital transformation for financial institutions by offering ready-to-integrate tools — including payments, KYC/AML compliance, core banking features, and customer experience modules.
In early 2025, XData Group signed a $180 million SPAC merger agreement to go public on the Nasdaq, highlighting investor confidence in their future growth and technological innovation.
What is Comcora?
“Comcora” — inspired by the term “common core” — represents a modular, scalable, and customizable banking foundation built to adapt to different brands, countries, and regulations.
Whether you’re a regulated bank wanting to modernize or a fintech startup launching a new service, Comcora enables fast deployment of fully branded digital financial solutions — including mobile banking, payments, and cards.
Who is it for?
Comcora is built to serve two primary customer groups:
- Traditional Banks
Looking to enhance or replace legacy systems with a modern, API-driven, compliant infrastructure. - Fintech Startups
Aiming to launch feature-rich banking services quickly and cost-effectively with minimal tech burden.
Key Features of Comcora
| Feature | Description |
| Modular Architecture | Microservices-based for easy scaling and feature updates |
| Compliance Tools | Built-in KYC/KYB & AML verification via Sumsub and ComplyControl |
| Card Issuance & Payments | Visa & Mastercard enabled capabilities |
| Cloud Infrastructure | Hosted on secure, scalable Google Cloud |
| Multi-brand, Multi-language | Designed for multi-market, multilingual deployments |
🤝 Tech & Compliance Partners
Comcora is integrated with leading financial technology partners:
- Visa & Mastercard – Card payment systems
- Sumsub – Identity verification (KYC/KYB)
- ComplyControl – Anti-Money Laundering checks
- Google Cloud – Infrastructure platform
📈 Why This Launch Matters
In Central and Eastern Europe, many banks and financial institutions still lack basic digital banking features such as virtual cards or user-friendly mobile apps. Comcora directly addresses this gap by providing a fast, reliable, and regulatory-compliant way to launch such services.
Donat Husjainov, Chief Product Officer, said:
“Too many licensed institutions still don’t offer basic features. Our mission is to change that with Comcora.”
What’s Next?
XData Group confirmed that a leading European financial institution is already building a mobile banking product using Comcora. The first customer launch is scheduled for Q1 2026.
This move is expected to encourage other mid-sized and smaller banks to shift toward cloud-based, modular fintech infrastructure.
Future Roadmap
- Q1 2026: First live mobile banking app built on Comcora
- 2026–2027: Expansion across Western Europe and development of analytics & open banking modules
- Beyond: Integration with AI-driven tools and regional API marketplaces
Outcome
With the launch of Comcora, XData Group is empowering financial institutions to deliver faster, safer, and modern banking experiences to their users. Its modular structure, compliance-ready features, and strong tech partnerships make it a game-changing platform in the growing Banking-as-a-Service space.
Sources: PR Newswire, Yahoo Finance, XData Group official press release, Fintech Weekly
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