OnDemand Video Module

Introduction

As the market deconstructs banking, the banking-as-a-service (BaaS) category has grown. BaaS providers, while not banks themselves, partner with incumbent banks and digital banks to deliver regulated banking services to fintechs and other next generation tech companies. But what exactly is being provided? Who performs which functions? Who is the target customer? And what is the likely impact on the financial services industry?

Topics Covered

Topics covered include a framework for understanding roles and functions in BaaS; market examples; and how BaaS has shifted over time, from supporting standalone offerings such as consumer/SMB neobanks, to additional use cases and business models. We’ll pay extra attention to the overlap between Banking as a Service and payments processing — and attempt to identify and position all the major providers.

Learning Objectives

To understand the key terminology and concepts in Banking as a Service, high-level use cases, and likely challenges that will need to be overcome.