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About / Description

 

The BaaS Association was founded in 2022 as part of the Bankers Helping Bankers network. It provides a unified voice for financial institutions which are currently engaged in the business of Banking-as-a-Service. The association promotes, supports, and advocates for BaaS sponsor banks which help serve millions of customers in a safe and compliant manner. The BaaS association represents over 80% of current BaaS sponsor banks operating across the United States.

The BaaS Association provides education, collaboration, and best-in-class practices that serve the unique needs of BaaS Sponsor banks. The BaaS Association also helps establish sound bank-fintech partnerships, including those who provide banking services for underbanked and underserved communities.

Approved Quotes

 

“The BaaS industry is a tremendous vehicle for innovation and reaching underserved and underbanked communities and it’s also an avenue for banks, particularly community banks, to no longer be limited by geography…. And when done correctly, the bank benefits, the fintech benefits, and the end consumer benefits with increased competition and access to new products and services.”

– Dave Mayo, Co-Founder, The BaaS Association

“Our goal is to address some of the challenges BaaS banks and fintechs face around awareness, industry standards, and new technology as it emerges.”

– Dave Mayo, Co-Founder, The BaaS Association

“BaaS banks are mostly community banks, a few are larger, but one thing they have in common is that they are the top earning banks in the United States. These elite bankers are the top 1% in both profitability and innovation, representing the greatest hope in a generation for the future of community banking.”

– Tanner Mayo, Co-Founder, The BaaS Association

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