Executive Summary

BaaS platforms enable fintech companies and other third-party firms to offer their own banking services using BaaS providers' APIs and licenses. At the same time, it provides BaaS with a diversified revenue stream.

Three Key Questions This Report Will Answer:

• What is BaaS, and how does it relate to open banking?
• What are the benefits of launching BaaS for providers, and how can they monetize these platforms?
• Which companies have launched BaaS platforms, and what do their offerings entail?

WHAT'S IN THIS REPORT? In this report, we'll look at the benefits banks stand to gain by offering BaaS platforms, examine key players in the industry that have already successfully launched BaaS platforms — including startups and incumbents — and recommend strategies for FIs looking to adopt the BaaS model.