Baas news and trends

3 Takeaways as Enforcement Actions and Data Breaches Roil BaaS Models
Banking // June 02, 2025

As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending and platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Report: BaaS Startup Solid Files for Bankruptcy, Aims to Sell
Digital Banking // April 10, 2025

Solid, the banking-as-a-service (BaaS) startup formerly known as Wise, reportedly filed for Chapter 11 bankruptcy protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Money Mobility Makes Embedded Banking Payments New Rising Star
Banking // March 19, 2025

The shakeup and shakeout of banking-as-a-service (BaaS), in the wake of the Synapse bankruptcy last year, has opened up new potential for embedded finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
Legal // November 27, 2024

Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were once held by Evolve were moved by Synapse to other banks about a year ago, before the bankruptcy. Get the...

Interviews & Exclusives
3 Takeaways as Enforcement Actions and Data Breaches Roil BaaS Models

June 02, 2025
As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending and platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our […]

Money Mobility Makes Embedded Banking Payments New Rising Star

March 19, 2025
The shakeup and shakeout of banking-as-a-service (BaaS), in the wake of the Synapse bankruptcy last year, has opened up new potential for embedded finance. Get the Full Story Complete the...

41% of Banks Offer Embedded Finance Solutions, Have FinTechs to Thank

August 27, 2024
In today’s financial services arena, embedded finance and banking-as-a-service (BaaS) have emerged as transformative forces, redefining the way banks and financial institutions (FIs) engage with consumers and businesses. At the...

Three Big Shifts for Banking From PYMNTS Intelligence’s Embedded Finance and BaaS Report

July 26, 2024
As the financial services landscape rapidly evolves, traditional banks and financial institutions (FIs) find themselves at a pivotal juncture. The emergence of embedded finance and banking-as-a-service (BaaS) is revolutionizing the...

Quick Reads
Lead Bank Raises $70 Million to Grow BaaS Platform

September 04, 2025
Lead Bank raised $70 million in a Series B funding round that brought its post-money valuation to $1.47 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, […]

Report: BaaS Startup Solid Files for Bankruptcy, Aims to Sell

April 10, 2025
Solid, the banking-as-a-service (BaaS) startup formerly known as Wise, reportedly filed for Chapter 11 bankruptcy protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks

November 27, 2024
Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were once held by Evolve were...

Adyen to Support Global Expansion of Spendesk’s Spend Management Platform

November 21, 2024
Spendesk aims to strengthen its offer in core markets and support the global growth of its spend management platform for medium-sized businesses with the help of its new partnership with...