Agora develops bank products for banks, credit unions

As the need of credit unions and community banks to accelerate their digital journey has skyrocketed post COVID, Agora Services, the challenger bank technology platform for community banks and credit unions, has developed two challenger style bank products for community banks and credit unions Agora Teenz and Agora SMB.

Built on Agora's cuttingedge Banking-as-a-Service (BaaS) platform, banks can deploy these products in five weeks without core integration for as little as $5,000 and no monthly fee for the 1Q.

Agora can disrupt Banking-as-a-Service because its platform is built on three key pillars, a modular banking setup, Microservices Architecture and leveraging cloud banking.

Agora's founder is an industry veteran, having served as part of the founding & management team of a digital bank jumpstarting the first wave of challenger banks. He grew this company to more than $20 billion in deposits within a few years.

Agora controls the entire chain of value, not limited just to its back-end platform. It has also developed challenger bank style banking apps that can serve as transactional websites. With its technology that banks can white label, Agora is wellpositioned to fit the needs and growth of all community financial institutions.

Teenz Power by Agora is more than a prepaid card, it serves as a demand deposit account that allows parents to open a teen bank account for their children in one minute. Key features include:

o App for parents to manage and monitor their children's money, including transaction notifications.

o Virtual card issued instantly, no need to wait for the plastic card to start banking

o Security settings that will enable parents to control how a card is used.

o Digitally native experience with Android and iOS apps for both parents and teens.

oEnhanced user engagement, automatic chores and allowance system, pocket accounts for teens to manage their money, a rewards marketplace, P2P transactions between users, and more. For more information, visit www.teenzpower.club.

Agora SMB features a mobile banking app for employers to digitally manage company users for business expenses, payroll, and more. Employers can have access to physical and virtual cards and create new accounts for their employees in real time that, within one minute, can start banking with a virtual card. To facilitate approved spending, users can self-issue virtual card for business expenses and manage expense reimbursement with a simple click.