Kobalt Labs, the AI native risk and compliance platform for financial institutions, today announced that MRV Banks has selected Kobalt to power compliance operations across its fintech partnership program.

MRV Banks, a roughly $860 million bank with 5 Missouri branches, manages multiple fintech partnerships and is adding new deposit partners through Treasury Prime. Its growing program was stretching processes built around manual reviews: partner documents and approvals lived in separate systems, contract deadlines were tracked in spreadsheets without automated reminders, and individual fintech risk assessments had yet to be fully developed.

Compliance staff spent hours reviewing 10–30 page policies and procedures for gaps, while lending compliance checks, including adverse action notices and periodic statements, were also performed by hand. With more partners and higher marketing review volumes ahead, MRV needed to expand its capacity without adding staff at the same rate.

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“We built this compliance program from scratch and reached a point where the manual work was limiting how fast we could grow,” said Robert Lawrence, President of MRV Connect. “The compliance talent we need is hard to find, and hiring another person every time we add a partner is not a scalable answer. Kobalt changes that equation.”

In its evaluation, MRV found that Kobalt could enable nearly 3x the throughput per compliance staff member, allowing the bank to support more fintech partners with its existing team.

Kobalt will provide MRV Banks with a single platform to manage fintech partner compliance across the full lifecycle, from initial due diligence and risk assessment to ongoing monitoring and marketing review.

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