Learn more about the common language used for Banking-as-a-Service and other industry standards for various definitions.
BaaS Banking: Benefiting the Community Bank, the Fintech, and the Consumer
This whitepaper describes some of the high-level benefits of a bank-fintech partnership. These features, when established properly, help the BaaS bank, the fintech partner, and the consumer.
Protect The Consumer with Strict Compliance
To begin, the first question should be “how do I unwind a fintech?” If you can’t do that, you have the wrong setup. For different reasons (compliance or in the event of failure) you will need to know this at some point in your journey.