
BaaS opens new revenue streams and market opportunities by allowing non-bank businesses to offer financial services.
- Evaluate your bank’s capability to offer BaaS in terms of technology, compliance, and operations.
- Identify potential non-bank partners looking to expand their offerings with financial services.
- Develop a clear service model that outlines the roles, responsibilities, and revenue-sharing arrangements.
- Ensure robust risk management and compliance frameworks are in place to support BaaS offerings.
Conduct a feasibility study for offering BaaS. Identify potential partners and service models that align with your bank’s strategic goals.
For more insights, products, and toolkits for financial services, please visit https://www.finantrix.com