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Who Is BaaS For? -

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It’s also, from my perspective, a good thing. BaaS – the technical, legal, and operational integration between chartered banks and non-bank companies – is important. While it has existed in its modern form for the past 15 years or so, the explosive growth in fintech and embedded finance over the last 5 years forced BaaS into an accelerated evolutionary state. During that time, everyone – banks, fintech companies, regulators, and humble newsletter writers – has been trying to figure out how to match up supply and demand and safely enable non-bank companies to make banking products available to their customers. We’ve all learned a lot over the last 5 years! Recently, regulators have begun to provide more clarity on the way forward for BaaS. And as they do that, I think it’s worth reflecting on the following question – who is BaaS for? While most bank regulatory agencies in the U.S. don’t have an explicit statutory mandate to promote competition, it has long been a stated goal of financia

Who Is BaaS For? - Fintech Takes Skip to content FinTech Who Is BaaS For? Alex Johnson April 3, 2024 Share: You might have noticed that there’s been a bit of drama in banking-as-a-service (BaaS) lately. That’s obviously a significant understatement. It’s also, from my perspective, a good thing. BaaS – the technical, legal, and operational integration between chartered banks and non-bank companies – is important. While it has existed in its modern form for the past 15 years or so, the explosive growth in fintech and embedded finance over the last 5 years forced BaaS into an accelerated evolutio

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