Banking-as-a-Service (BaaS)

Banking-as-a-Service (BaaS)

Banking-as-a-Service (BaaS)

Banking-as-a-Service lets fintechs offer accounts, cards, or lending built on a partner bank's license, creating dual marketing compliance obligations.

Banking-as-a-Service lets fintechs offer accounts, cards, or lending built on a partner bank's license, creating dual marketing compliance obligations.

Banking-as-a-Service, or BaaS, is an arrangement where a fintech company offers banking products, such as accounts, cards, or lending built on the infrastructure and license of a partner bank. BaaS relationships create dual compliance obligations, since marketing produced by the fintech must satisfy both its own standards and those of its regulated sponsor bank.