Core Bank is advancing a major risk and technology transformation as it continues to invest in AI-native platforms that strengthen operations, enhance customer experiences, and support its mission of Building Better for communities, customers, and the broader business banking ecosystem. As part of this strategy, Core Bank announced a new partnership with Kobalt Labs, an award-winning provider of AI-driven risk and compliance technology.
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The collaboration reflects Core Bank’s commitment to responsible innovation as it scales its sponsor and embedded banking programs. By integrating Kobalt Labs’ platform, the bank is ensuring that its governance, oversight, and diligence processes grow alongside its expanding fintech partnerships—without compromising regulatory rigor or operational discipline.
As regulatory scrutiny around third-party risk management continues to intensify, Core Bank identified the need for a more scalable and consistent compliance framework. Kobalt’s AI-powered platform modernizes due diligence and ongoing monitoring, dramatically reducing review timelines while maintaining high standards of accuracy and consistency. What once took days can now be completed in minutes, enabling the bank to grow its partner portfolio responsibly.
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Core Bank first engaged with Kobalt Labs earlier this year and quickly recognized the platform’s ability to automate high-volume, manual workflows while delivering reliable, regulator-trusted results. After evaluating multiple third-party risk solutions and traditional review processes, Kobalt stood out for its speed, quality, and credibility across banks, fintechs, and regulators.
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“Core Bank’s vision is to be high-performing, tech-forward, and solutions-based,” said Suzanne Mendlik, Chief Risk Officer at Core Bank. “Partnering with Kobalt Labs strengthens that vision by accelerating onboarding, enhancing oversight of fintech and embedded banking relationships, and preserving the trust we’ve earned with customers and regulators. This partnership reinforces our belief that strong risk management isn’t a constraint it’s a catalyst for sustainable growth.”
With Kobalt Labs’ agentic AI platform in place, Core Bank is positioned to maintain an exam-ready compliance foundation while continuing to expand innovative banking partnerships and build stronger, more resilient financial ecosystems for the future.
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