Tag: compliant BaaS
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What Regulators May Be Asking About Your BaaS Program
Regulators have the job of keeping on top of technology developments and looking out for potential risks that could threaten a bank’s safety and soundness. Embedded Finance (EmFi) and Banking-as-a-Service (BaaS), where a third-party “owns” the customer relationship, is an emerging delivery channel that regulators in many countries are exploring. They are right to be…