MVB Financial Corp., through its subsidiaries, provides financial services to individuals and corporate clients in the Mid-Atlantic region and internationally. The company operates through three segments: CoRe Banking, Mortgage Banking, and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit. The company also provides debit cards; cashier's checks; safe deposit rental facilities; and non-deposit investment services, as well as financial technology (Fintech) banking services. In addition, it offers title insurance; and integrated regulatory compliance, state licensing, financial crimes prevention, and enterprise risk management services that include consulting, outsourcing, testing, and training solutions. Further, the company offers a customizable suite of fraud prevention services for merchants, credit agencies, Fintech companies, and other vendors; and consulting for the development of online and mobile banking platforms, and digital products for Fintech companies, as well as develops software. As of December 31, 2021, it operated six full-service branches in West Virginia and two full-service branches in Virginia. MVB Financial Corp. was founded in 1997 and is headquartered in Fairmont, West Virginia.
MVB Bank Selects Bretton AI to Run Its Back-Office Operations as It Scales Its Fintech Business
MVB Bank selected Bretton AI to manage its back-office operations, specifically focusing on Anti-Money Laundering transaction monitoring and Know Your Customer processes.
The multi-year agreement aims to expand compliance capacity to support MVB's growing fintech business without increasing back-office headcount.
Bretton will utilize an AI-native platform with a human-in-the-loop model, charging fees based on completed outcomes rather than analyst hours.