Looks like a weak excuse for middlemen to make up a role for themselves when they aren't needed.
The Crypto Wallet White Label Solution allows businesses to integrate their branding into the wallet, making it easier for their customers to trust and use their services.
The entire point of crypto is that you're not meant to rely on trust. I'm assuming this is just for custodial wallets which pretty much defeat the purpose of using crypto to begin with.
Also, why would I want some company's logo on my wallet? Clearly it's only the companies themselves who would want that.