Sunrise Banks Joins The BaaS Association
FOR IMMEDIATE RELEASE – March 21, 2023
ST PAUL, MN – Sunrise Banks has announced its joining of The Banking as a Service (BaaS) Association as part of its ongoing efforts to empower financial wellness for all. As a socially responsible bank, Sunrise Banks supports education, compliance and standards around banking-as-a-service which can be essential to reaching underbanked and underserved communities.
“The BaaS Association is an amazing coalition of fintech-minded banks. We are honored to be included and look forward to contributing to the Association,” said Jason Hagan, SVP director of fintech innovation, at Sunrise Banks.
Part of The BaaS Association’s efforts focus on creating banking and fintech partnerships with safety and compliance in mind. From these partnerships, chartered financial institutions and their fintech partners create new products and services for people that may have limited banking options, thereby adding to the U.S. financial ecosystem.
“We are honored to have Sunrise Banks as part of The BaaS Association. Their positive, socially focused mission as well as a history of innovation, education and compliance align with the association’s goals and efforts,” said Bill Briggs, CEO of The BaaS Association.
About Sunrise Banks
Sunrise Banks, N.A., Member FDIC, based in St. Paul, Minnesota, strives to be the most innovative bank empowering financial wellness. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values, a public benefit corporation and a certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. Learn more at SunriseBanks.com, on Twitter @SunriseBanks, or on Facebook.
About The BaaS Association
The BaaS Association is a premiere governance association with the purpose of promoting, creating, and supporting Banking-as-a-Service (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.
Source: FI FinTech Newsroom
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