Core Bank is undergoing a risk and technology transition, prioritizing investments in AI native platforms that will strengthen our operational backbone, improve experiences, and consistently deliver on the purpose of Building Better – for the community, customers, and the business banking ecosystem we serve. In support of that commitment, we are excited to announce our new partnership with Kobalt Labs, an award-winning leader in AI-driven risk and compliance technology.

Core Bank is proud to support financial technology as part of our broader strategy to deliver modern banking solutions. As we accelerate our sponsor and embedded banking programs, Core Bank's partnership with Kobalt Labs ensures that our diligence, oversight, and governance processes scale in parallel with stronger, more adaptive risk and compliance execution.

With regulatory expectations around third party oversight continuing to rise, the need for scalable, consistent, and highly efficient compliance operations has never been greater. Kobalt's platform modernizes the way these functions are managed, cutting time to conduct due diligence and ongoing monitoring so that we can grow our portfolio - responsibly.

The Core Bank team first engaged with the Kobalt team earlier this year and was immediately impressed by the platform's ability to automate high-volume, manual workflows while enhancing the accuracy and consistency of onboarding risk reviews. As Core Bank prepared for several upcoming partner evaluations, Kobalt's capabilities were tested against other third party management products and traditional manual reviews. Kobalt upheld a high-quality standard while reducing turnaround times from days to minutes.

Kobalt distinguished itself not only through its quality but through the trust it has earned among fintechs, banks and regulators alike. This combination of industry credibility, automation, and speed made Kobalt the right partner to support Core Bank's long-term strategy.