BaaS

What is BaaS?

BaaS, also known as banking as a service, refers to API-driven solutions that help developers cut through the complexity of offering banking services, ranging from bank accounts to payment cards. BaaS enables developers to add banking or other fintech services (e.g. insurance) to their consumer or enterprise apps with a few lines of code and launch within weeks, instead of having to negotiate partnerships with banks, perform custom integrations, and manage compliance themselves.