Browsing: BaaS

It’s not a good time to be a fintech looking for a sponsor bank. Simply put, there’s a supply issue: There are more fintechs that require a…

MainStreet Bancshares in Fairfax, Virginia, announced the closure of its banking-as-a-service subsidiary, Avenu, Monday, after the unit failed to meet profitability targets. Adobe Stock A Fairfax,…

Buy now/pay later provider Affirm has added a new banking-as-a-service provider to its ranks on the heels of surging uptake for its debit card while current…

The years-long regulatory clampdown on relationships between banks and fintechs picked up after the collapse of banking-as-a-service middleman Synapse, and it’s unlikely to let up, even…

Certification programs for banking-as-a-service specialists do not yet exist, and the roles in BaaS are still evolving. But as the standards for this sector ramp up,…