Company Website: https://ir.mvbbanking.com/overview/default.aspx?_gl=1*37w6ac*_gcl_au*NjUyNjI1NTQ2LjE3ODUxODA1OTY.
FAIRMONT, W.Va. -- (Business Wire)

Kobalt Labs, an AI-powered platform that automates risk assessments and compliance workflows for financial institutions, is partnering with MVB Bank, a trusted leader in financial services, to automate manual compliance workflows for fintech partner collaboration, due diligence, ongoing monitoring and marketing compliance. The platform will elevate and streamline the MVB partner experience while simultaneously enhancing MVB’s oversight and risk management capabilities.

Kobalt’s goal is to transform compliance into a scalable, AI-driven capability that addresses increasing regulatory complexity and reduces reliance on manual processes across financial institutions. “If you want to show your regulators you’re doing it right, you have to add consistency and scale with technology,” said CEO and cofounder Kalyani Ramadurgam. “We’re excited to partner with MVB and help them expand and automate their risk oversight.”

Kobalt’s platform supports vendor and fintech partner reviews, analyzes policies and procedures against evolving regulatory expectations, and assists with security and marketing compliance assessments. The system is designed to help banks produce consistent, defensible risk assessments more quickly and with greater clarity. Kobalt’s customers include fintech and banking names such as Chime, Upstart, Zions Bancorp, Emprise Bank, Core Bank and Meriwest Credit Union.

“MVB is committed to being at the forefront of technological innovation, and we’re always looking for fintech innovators like Kobalt who are shaping the future of the industry,” said Larry F. Mazza, CEO and President of MVB Financial. “We share a strong commitment to effective risk oversight and management while meeting regulatory requirements, and we’re confident this partnership will help us do that at scale.”

MVB Bank powers fintech solutions in payments, card issuance, sponsorship lending and online gaming programs for leading fintech companies nationwide, while providing traditional retail and commercial banking services within established markets. MVB’s comprehensive platform includes money movement solutions across all modalities and embedded finance capabilities. MVB combines proven fintech builder/incubator capabilities, innovative culture, regulatory expertise, core banking and AI-driven operational efficiency to enable fintech partners to navigate complex regulatory requirements while accelerating time-to-market.

Kobalt and MVB were introduced by regulatory consulting firm Klaros Group, which works with both companies. “Klaros is focused on helping financial institutions modernize risk and compliance in ways that are practical, regulatorily sound, and operationally impactful,” said Adam Shapiro, co-founder and partner at Klaros Group. “Third-party risk management is one of the areas where banks are under real pressure to do more, faster, and with greater consistency. Kobalt brings a market-leading AI platform to that challenge, and when combined with Klaros’ deep regulatory expertise, it creates a powerful solution for institutions like MVB. Together, we can help banks strengthen oversight, improve efficiency, and reduce the cost and complexity of managing third-party risk.”

Through this partnership, MVB expects to elevate the partner experience and streamline fintech partner reviews while reinforcing confidence in its ability to consistently meet regulatory expectations.

About Kobalt Labs

Kobalt Labs is the AI-native TPRM and compliance platform built for financial institutions. Kobalt eliminates the manual steps from third-party reviews of vendors and fintech partners by extracting critical evidence, identifying control gaps, and generating defensible risk analyses within minutes. Always synchronized with evolving federal and state regulations, Kobalt helps financial institutions improve consistency, accelerate review cycles, and strengthen risk management across ERM, compliance, information security, and third-party oversight. Learn more at https://www.kobaltlabs.com.

About MVB Bank

MVB Financial Corp., the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Through its subsidiary, MVB Bank, Inc., and the Bank’s subsidiaries, the Company provides financial services to individuals and corporate clients in the Mid-Atlantic region and beyond. For more information about MVB, please visit http://ir.mvbbanking.com.

About Klaros Group

Klaros Group is an advisory and investment firm building the future of financial services. Its principal operating subsidiary, Klaros Advisors, works with innovators and incumbents to develop and implement smart strategies to scale their businesses responsibly, in full compliance with regulatory requirements and expectations. For more information visit klaros.com.

Forward-Looking Statements

MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as “may,” “could,” “should,” “would,” “will,” “plans,” “believes,” “estimates,” “expects,” “anticipates,” “intends,” “continues” or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity and credit risk; changes in market interest rates; inability to successfully execute business plans, including strategies related to investments in Fintech companies; competition; unforeseen events, such as pandemics or natural disasters, and any governmental or societal responses thereto; changes in economic, business and political conditions, including, without limitation, the imposition of international trade policies and any retaliatory responses thereto; changes in demand for loan products and deposit flow; changes in deposit classifications; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as its other filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov. Except as required by law, the Company disclaims any obligation to update, revise or correct any forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260922983732/en/

Contacts:

MVB MEDIA CONTACT
Amy Baker
VP, Corporate Communications and Marketing
MVB Bank
abaker@mvbbanking.com
(304) 288-9540

MVB INVESTOR RELATIONS
Marcie Lipscomb
mlipscomb@mvbbanking.com
(844) 682-2265

Source: MVB Financial