Asapp Banking
“Can a Canadian credit-union digital-onboarding platform become the omnichannel financial operating system for credit unions and community financial institutions in North America?”
Founded2014
HQCanada (serves Canadian credit unions and U.S. market)
IndustryVertical SaaS / Financial Institutions (Credit Unions)
The story
ASAPP Financial Technology was founded to serve Canadian credit unions with digital account and lending origination software. Over time, the platform evolved into a full omnichannel experience platform (ASAPP OXP) combining account origination, lending origination, CRM, and ECM. The company has recently expanded into the U.S. market with a rebranded offering (bank.io OXP) targeting financial institutions more broadly, signaling a push beyond the Canadian credit union niche.
Product timeline
2014
ASAPP Financial Technology Inc. founded to provide digital banking and onboarding software for credit unions.· banking
2022
Launched ASAPP OXP (Omnichannel Experience Platform) for Canadian credit unions, integrating account origination, lending origination, CRM, and ECM.· banking
2023
Integrated Mambu LOS (Loan Origination System) into ASAPP OXP Version 23.0, expanding lending capabilities.· lending
2024
Announced bank.io OXP, a version of the Omnichannel Experience Platform targeting the U.S. market.· pivot
The stack
2 layers disclosed in Asapp Banking’s embedded-finance stack
Lending
Lending Origination Solution (LOS) — real-time lending approvals with custom risk-based ratesRisk-Based Lending ProgramsDigital MortgagesHELOC originationSecond mortgage originationBusiness lending origination
KYC
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.