AUSTIN, Texas, April 13, 2022 (Newswire.com) - 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."
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@example.com.
Source: Bankers Helping Bankers