Banking-as-a-Service (BaaS) is growing in popularity in Latin America and is expected to surpass $2 billion in market size this year.
Celcoin wants to make its BaaS service a one-stop-shop for these types of solutions to meet the growing demand in the Brazilian market.
While the BaaS space is having a moment right now, there are some banks, like Pathward, that continue to serve their many fintech clients successfully.
Business considerations may prevent large banks from tackling financial inclusion, but the tech supporting inclusion program exists.
As Banking-as-a-Service develops into Embedded Finance, who holds the responsibility of compliance gets decidedly murky.
On Tuesday, Synctera announced the first Baas industry line of credit product, to help companies and users access credit lines.
The popularity of BaaS has grown as businesses opt for a quick API to offer banking products, but it may have a problem.
BaaS requires the deployment of APIs, in addition to strong risk and compliance management of the fintech partner.
Many neobank unicorns' attempts at international expansion have been met with varying results. Anne Boden believes B2B is the key.
Banks working with fintech partners need to double down on risk and compliance quickly - starting with a comprehensive risk assessment.