Ed Medina

Jan 16, 2024 | fintechwire.com | Ed Medina |Jaclyn Jaeger |Thad Peterson |Thornblad Thornblad

As banking as a service gained traction in recent years, its risks have also become apparent, and last year regulators tightened rules regarding the integration of licensed banking institutions and the unlicensed digital platforms that consumers use to manage their finances. Banking as a Service (BaaS) is the inclusion of licensed banking services in non-bank, third party products.