Essential License Tips Before Investing In Baas Software Platforms

Bradwilliams09 Jan, 2025Technology

Banking-as-a-Service (BaaS) is experiencing a meteoric rise, propelled by the surging demand for integrated financial solutions across diverse sectors. The BaaS ecosystem is rapidly expanding, with a growing number of providers, especially in competitive regions such as the U.S., where acquiring a banking license is an intricate and costly venture. BaaS software platforms leverage the infrastructure of licensed banks to deliver a spectrum of financial services, including lending, payments, and account management, without necessitating their own banking charter.