Financial Institutions says it’s getting out of the banking-as-a-service (BaaS) business. The bank holding company, owner of Five Star Bank and Courier Capital, announced Monday (Sept. 16) it would begin “an orderly wind down” of its BaaS offerings. CEO Martin Birmingham said the change follows...
How BaaS firms navigate elevated regulatory scrutiny will determine whether it becomes a headwind or a tailwind, Ingo Payments CEO Drew Edwards writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could Impact Your Business.” As we move...
In today’s financial services arena, embedded finance and banking-as-a-service (BaaS) have emerged as transformative forces, redefining the way banks and financial institutions (FIs) engage with consumers and businesses. At the core of this shift is the use of application programming interfaces (APIs), which enable smooth...
Risk management platform Cable has launched a partnership with Texas-based Vantage Bank. The collaboration, announced Monday (July 29), is designed to help Vantage improve its compliance and risk management as it expands its FinTech program and partnerships. “Embedded banking is under intense scrutiny from regulators,”...
August 27, 2024
In today’s financial services arena, embedded finance and banking-as-a-service (BaaS) have emerged as transformative forces, redefining the way banks and financial institutions (FIs) engage with consumers and businesses. At the core of this shift is the use of application programming interfaces (APIs), which enable smooth financial transactions through digital platforms. A recent PYMNTS Intelligence report, […]
July 26, 2024
As the financial services landscape rapidly evolves, traditional banks and financial institutions (FIs) find themselves at a pivotal juncture. The emergence of embedded finance and banking-as-a-service (BaaS) is revolutionizing the...
July 08, 2024
As the banking and payments business cross into the second half of 2024, many executives say we’re at a pivotal juncture — one that will require a steady hand on...
July 01, 2024
2024 is fast becoming the summer of consent orders for smaller banks. That’s because, with the news Friday (June 28) that Tennessee-based Thread Bancorp is now the latest financial institution...
October 27, 2024
The assets of bankrupt Banking-as-a-Service (BaaS) provider Synapse are going up for sale next month. B Riley Advisory Services, the group handling the sale, announced Friday (Oct. 25) a pair of deadlines for interest bidders: Nov. 4, 4 p.m. PT for initial indications of interest, and Nov. 11, 4 p.m. PT, for initial bids. Up […]
September 17, 2024
Financial Institutions says it’s getting out of the banking-as-a-service (BaaS) business. The bank holding company, owner of Five Star Bank and Courier Capital, announced Monday (Sept. 16) it would begin...
July 29, 2024
Risk management platform Cable has launched a partnership with Texas-based Vantage Bank. The collaboration, announced Monday (July 29), is designed to help Vantage improve its compliance and risk management as...
June 02, 2024
The impact of Synapse’s bankruptcy continues to spiral outward, extending now to FinTech startup Yotta. For the past three weeks, 85,000 of the company’s customers — holding a total of...
