BaaS

Regulators Intensify Scrutiny on BaaS Partnerships of Piermont, Sutton Banks
Trends & Future Regulators Intensify Scrutiny on BaaS Partnerships of Piermont, Sutton Banks

The Federal Deposit Insurance Corp. (FDIC) has recently heightened regulatory scrutiny on banks involved in banking-as-a-service (BaaS) partnerships with fintech companies, with Piermont Bank and Sutton Bank receiving notable enforcement actions in early 2024. These actions indicate significant

December 19, 2024
Fifth Third's Newline Pioneers Embedded Finance and BaaS Growth
Trends & Future Fifth Third's Newline Pioneers Embedded Finance and BaaS Growth

Fifth Third Bancorp has taken a significant step in the embedded finance and Banking-as-a-Service (BaaS) sectors with its acquisition of Rize Money in 2023. Newline, an offering born from the integration of Rize's technology and Fifth Third’s established payment network, represents a strategic

December 17, 2024
Is TAPCO CU's New Digital Platform Enhancing Member Experience?
Digital & Technology Is TAPCO CU's New Digital Platform Enhancing Member Experience?

In a significant move to enhance its digital banking services, TAPCO Credit Union, located in Tacoma, Washington, has successfully rolled out a cutting-edge digital banking solution provided by Lumin Digital, a pioneering cloud-native digital banking provider. This strategic implementation comes at

December 16, 2024
Mbanq and IG Tech Launch IG Finlink to Revolutionize ASEAN Fintech
Trends & Future Mbanq and IG Tech Launch IG Finlink to Revolutionize ASEAN Fintech

The burgeoning fintech sector in Southeast Asia is set for groundbreaking transformations with the strategic alliance of Mbanq and Cambodian FinTech stalwart, IG Tech. This partnership heralds the formation of IG Finlink Cambodia, a joint venture that aspires to redefine the Banking-as-a-Service

December 10, 2024
How Are APIs Revolutionizing Financial Services with BaaS?
Trends & Future How Are APIs Revolutionizing Financial Services with BaaS?

The financial services industry is currently undergoing a seismic shift, driven by the increasing adoption of Banking as a Service (BaaS) models powered by APIs (Application Programming Interfaces). This modern approach is fundamentally changing how financial products and services are accessed and

November 22, 2024
Treasury Prime and FS Vector Partner to Enhance Fintech Compliance Training
Trends & Future Treasury Prime and FS Vector Partner to Enhance Fintech Compliance Training

In the rapidly evolving landscape of fintech and Banking-as-a-Service (BaaS), regulatory compliance has never been more crucial. The recent partnership between Treasury Prime and FS Vector aims to address this need head-on. Treasury Prime, a major player in embedded banking software, has teamed up

November 11, 2024
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