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Banking as a Service

What is BaaS or Banking as a Service?

Banking-as-a-service allows banks and third parties - typically fintechs, or financial technology companies, to build, launch, and grow products and services using application programming interfaces (APIs). Demand for BaaS is strong. In 2022, the global BaaS market was $3,240.6 million and is expected to be $3,713.7 in 2023 (source).

The service allows banks to improve efficiency, reduce costs, and enhance compliance. Specifically, in terms of payments, BaaS allows companies to send and receive payments, including intrabank, ACH, check, and wire. The growing desire for enhanced customer experiences and new products will continue to drive demand for BaaS.
Download BaaS One-Pager

BaaS Podcast

FinTechs tap into banking-as-a-service to offer innovative services. However, the key is in compliance, fraud and Reg E, which is where the Innovative Payments Association comes in to help. Listen to the podcast.

BaaS and Fintech Articles

  • ​FinTech Focus: What is Banking-as-a-Service (BaaS)?
  • How BaaS Is Helping Banks and Fintechs Compete in 2023
  • 'Huge opportunity for banking-as-a-service (BaaS) with SMEs'​
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IPA

110 Chestnut Ridge Rd, Suite 111
Montvale, NJ 07645
(202) 548-7200
Save The Date 
Innovative Payments Conference​
April 29 - May 1, 2026 

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  • About Us
    • Our Team
    • Board of Directors
    • Members
    • Partnerships
  • News & Events
    • Non-Member Newsletter
    • Newsroom
    • Events
    • Blog
    • Podcast
  • Member Resources
    • Glossaries & Reports
    • GRWG
    • Recordings
    • Government Update
    • State Legislative Tracker
    • Financial Crimes Investigators
  • Issues & Advocacy
    • Comment Letters
    • Payments Litigation
    • Current Issues >
      • Earned Wage Access
      • Fraud Prevention
      • Prepaid Rule
    • Ongoing Issues >
      • Arbitration
      • Artificial Intelligence
      • Banking as a Service
      • Brokered Deposits
      • CFPB
      • Covid Response
      • Durbin Amendment
      • FDIC & OCC
      • Privacy Legislation
      • Unclaimed Property
  • Join the IPA
    • IPA Wins
  • Boot Camp