Banking As A Service news and trends

TabaPay to Acquire Assets of Bankrupt FinTech Synapse
Acquisitions // April 21, 2024

Instant money movement platform TabaPay is acquiring Synapse’s assets following the latter company’s bankruptcy. The deal, announced Friday (April 19), will allow TabaPay to offer new financial services for FinTechs and financial institutions, the company said in a news release. TabaPay noted that the two firms had offered complementary financial technology...

Green Dot Names Marqeta Vet Renata Caine as BaaS Lead
Personnel // April 15, 2024

Green Dot has named payments industry veteran Renata Caine as its new Banking-as-a-Service (BaaS) general manager. Caine previously worked at Marqeta and at the commercial payments division of WEX, the digital bank/Fintech firm said in a Monday (April 15) news release. “Renata is an impressive leader whose deep experience driving strategy...

Finzly Helps Banks of All Sizes Enter Embedded Banking Market
Digital Banking // April 04, 2024

Finzly has launched a new solution designed to help banks of all sizes participate in the embedded banking market. The new Account Galaxy includes virtual account and virtual ledger capabilities, the provider of modern money movement systems to financial institutions said in a Thursday (April 4) press release. “With...

Retailers’ Embedded Finance Bets Pay Off
Retail // March 25, 2024

Retailers around the world are seeing their investments in embedded finance offerings boost their revenue. By integrating financial services directly into the shopping experience — offering payment, lending, insurance and other financial products to customers — retailers are seeing positive results. Take, for instance, the...

Interviews & Exclusives
Thredd CEO: Compliance Will Define Future of Payments

April 25, 2024
Whenever you see a successful business, someone once made a courageous decision. That quote, by management consultant Peter F. Drucker, holds more true today than ever before — particularly given the shifting dynamics and challenges of the contemporary macro operating environment, where courageous and agile decisions are the life blood of business success. “The FinTech […]

Finding The Digital Economy’s Product Market FIT

June 12, 2023
I was recently asked for my advice on a new B2B network aimed at solving a big problem for a segment of small business sellers. The network was built on...

Treasury Prime Gets $40M Vote of Investor Confidence in Embedded Banking’s Marketplace Model

February 01, 2023
Two years ago, banking-as-a-service (BaaS) provider Treasury Prime, then a startup, raised $20 million. And Wednesday (Feb. 1), the company’s embedded banking marketplace model — which brings banks, FinTechs and...

FIS Says Embedded Finance in ‘First Inning’ of Payments Evolution

January 25, 2023
“If the FinTech ‘revolution,’ post-financial crisis, is in its early innings, then embedded finance is in its first inning.” Matthew Valente, head of product strategy at FIS, told PYMNTS in a...

Quick Reads
TabaPay to Acquire Assets of Bankrupt FinTech Synapse

April 21, 2024
Instant money movement platform TabaPay is acquiring Synapse’s assets following the latter company’s bankruptcy. The deal, announced Friday (April 19), will allow TabaPay to offer new financial services for FinTechs and financial institutions, the company said in a news release. TabaPay noted that the two firms had offered complementary financial technology services, with both companies appearing on Deloitte’s 2023 Fast 500. […]

Green Dot Names Marqeta Vet Renata Caine as BaaS Lead

April 15, 2024
Green Dot has named payments industry veteran Renata Caine as its new Banking-as-a-Service (BaaS) general manager. Caine previously worked at Marqeta and at the commercial payments division of WEX, the digital bank/Fintech firm said in...

Finzly Helps Banks of All Sizes Enter Embedded Banking Market

April 04, 2024
Finzly has launched a new solution designed to help banks of all sizes participate in the embedded banking market. The new Account Galaxy includes virtual account and virtual ledger capabilities, the provider of...

Griffin Launches as Fully Operational UK Bank and Raises $24 Million

March 11, 2024
British banking-as-a-service (BaaS) platform Griffin is now officially a fully operational bank. The company announced Sunday (March 10) that it had received approval from the U.K.’s financial services regulators, the...