Bankers Helping Bankers Launches BaaS Association
Apr 13, 2022
Bankers Helping Bankers is pleased to announce the creation of the BHB Banking-as-a-Service (BaaS) Association, aimed at serving the unique needs of BaaS banks.
Bankers Helping Bankers co-founder, Tanner Mayo, said, "These elite bankers lead in profitability and innovation. It is essential that banks getting into this space do so in a safe, sound, and regulatory-compliant way. This association is intended to help them embrace the opportunities of BaaS, while proactively identifying and mitigating risks."
The BaaS association was created to:
- Coordinate legislative and regulatory advocacy efforts to promote an environment for the responsible delivery of Banking-as-a-Service (BaaS) by Federally-insured depository institutions.
- Promote best practices and standards for the delivery of BaaS to non-banks.
- Build a community of like-minded bankers and other industry participants to share experiences, insights, successes, and failures realized in BaaS endeavors.
- Connect Federally-insured financial institutions to the fintech technology partners who will help them facilitate a successful BaaS program.
Banking-as-a-Service is a highly specialized niche and one that is seeing a tremendous increase in bank participants. Fueled by rapid expansion in FinTech funding and a constant supply of new startups, there simply aren't enough BaaS Banks to meet the growing demand from hundreds of FinTech applicants.
Mayo said, "BaaS banks are mostly community banks, a few are larger, but one thing they have in common is that they are the top-earning banks in the United States. The BHB BaaS Association is representing the greatest hope in a generation for the future of community banking, embracing new technologies and new diverse products that are more inclusive for all."
https://bankershelpingbankers.com/bhb-baas-association/#
About Bankers Helping Bankers:
Bankers Helping Bankers is a bankers-only social+platform for collaboration and education. Through data tools and dynamic user groups, Bankers Helping Bankers provides community bankers with a knowledge base focused on bank technology and emerging Fintech companies, as well as hot topics such as cryptocurrencies, banking-as-a-service, becoming a sponsor bank, and launching a direct digital brand. The BHB platform is free for bankers, reaching 75% of banks. Join the movement to help save community banking.
For more information and to register on Bankers Helping Bankers, visit www.bankershelpingbankers.com.
For questions regarding the program, contact Rachel Hernandez at FedFis, (512) 284-4987 or [email protected].
Related Files
Podcast_Turning Banking Concern into Concrete Action.pdf
Press Release Service by Newswire.com
Original Source: Bankers Helping Bankers Launches BaaS Association
More News
US Solar Panel Makers Try to Catch China With a Big Leap in Technology
Manufacturers say they are close to perfecting a new, more efficient solar panel that could help the United States reclaim ground it lost.
What’s the Right “Level of Care” for A.I.?
Another executive departed OpenAI, raising questions about the company’s commitment to safety.
Russians Snap Up Chinese E.V.s as Ukrainian Attacks Make Fuel Scarce
As Ukraine increasingly takes the war to Russia, the effects may be most visible on the roads.
BT agrees rescue deal to buy broadband operator TalkTalk
The takeover still needs to be approved by the regulator, but would give certainty to TalkTalk's millions of customers
Why are data centres such a big deal in Scotland?
At least 23 huge data centres are planned in Scotland, causing significant concern for campaigners.
Trump chooses top spy boss to run new AI taskforce
The US president said his national intelligence chief will lead the group as worries over AI grow.
Average five-year mortgage rate hits 6% for first time in three years
The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.
5 Challenges David Ellison Faces as He Snags His Hollywood Prize
The tech scion has given his combination of Warner Bros. Discovery and Paramount a new name: Skydance. Now he must make tough decisions about news, movies, streaming, sports and debt.
How to Get a VAT Tax Refund
Here are the steps to get your money back on VAT taxes, which are widespread in Europe and are bundled into the costs of certain items that travelers take home with them.
How to Get a VAT Tax Refund
Here are the steps to get your money back on VAT taxes, which are widespread in Europe and are bundled into the costs of certain items that travelers take home with them.
To Make More Money, Rolls-Royce Is Aiming Higher on Price, Not Production
The luxury carmaker is expanding its factory in Britain to focus on rarefied custom cars. First up is a $3.5 million-plus electric roadster.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.