I would also like to know what "white label" means and who "officially" determines such a qualification?
"White label" means that one party provides the software and server-side processing, while another provides the financing, marketing, and branding, takes all the risks and assumes all the liabilities.
That sounds like a multiplied security threat with more people involved who have conflicting interests and goals.
Why does this setup have a name that sounds safe and secure?
Glad I asked, thank you.