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…

SOPA Images/Photographer: SOPA Images/LightR Unless the new administration squashes it, soon banks and fintechs will need to work with the FDIC’s so-called Synapse rule, which would…

Enjoy complimentary access to top ideas and insights — selected by our editors. This year’s compilation of the most important technology news in the banking industry…

A Franklin, Tennessee, community bank has been cited by federal regulators for the second time this year.Lineage Bank and its holding company, Lineage Financial Network, entered…

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,…