“Can a mid-size NYC commercial bank retrench from BaaS/prepaid and win as a relationship-driven specialty commercial bank while retaining a select, modernized fintech-payments franchise?”
Metropolitan Commercial Bank was founded in 1999 as an entrepreneurial NYC community bank and later built a sizeable Global Payments Group offering sponsor-bank / BaaS services for prepaid card programs (a peer to Sutton, Pathward, and The Bancorp). In 2022–2023 MCB publicly exited that fintech-as-a-service prepaid business to refocus on its core commercial franchise — commercial real estate, C&I, and treasury management for law firms, healthcare, EB-5, title & escrow, charter schools and property managers. In parallel, MCB modernized its payments rails with Finzly on top of dual cores (Fiserv + Finxact) to continue serving remaining regulated fintech clients (e.g. Payoneer, Revolut) with wires, ACH, FedNow, virtual accounts and FX.
Metropolitan Commercial Bank discloses Metropolitan Commercial Bank (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Metropolitan Commercial Bank does not disclose a bank charter of its own; its banking services are provided through Metropolitan Commercial Bank (in-house).
Metropolitan Commercial Bank processes payments through ACH Origination (self-operated), Wire transfers (self-operated), FedNow (self-operated) and Zelle. Disclosed money-movement rails: ACH and FedNow.
Metropolitan Commercial Bank's lending and capital products are provided by Metropolitan Commercial Bank (in-house).
Metropolitan Commercial Bank runs its ledger on Fiserv (core), Finxact (core) and Finzly (payment hub / virtual accounts).
Metropolitan Commercial Bank uses Finzly for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 9 layers in Metropolitan Commercial Bank's stack: Payments / PSP (ACH Origination (self-operated), Wire transfers (self-operated), FedNow (self-operated) and Zelle); Money movement (ACH and FedNow); Banking / BaaS (Metropolitan Commercial Bank (in-house)); Ledger (Fiserv (core), Finxact (core) and Finzly (payment hub / virtual accounts)); Lending (Metropolitan Commercial Bank (in-house), Commercial Real Estate Lending, Commercial & Industrial Lending, Lines of Credit and 7 others); Unified APIs (Finzly); FX & payouts (Finzly); Spend / AP (Metropolitan Commercial Bank (in-house)); Treasury (Metropolitan Commercial Bank (in-house) and Metropolitan Commercial Bank).
Metropolitan Commercial Bank is founded in 1999 and headquartered in New York, NY, USA (99 Park Ave, 12th Floor, New York, NY 10016).
Get a read on where your own stack stands against Metropolitan Commercial Bank and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.