178 - BaaS Providers are in Hot Water: How to Choose the Right One.

Compliance That Makes Sense

BaaS options are becoming more limited and their requirements are becoming stricter. In this episode, I explain why the current market conditions are challenging for early-stage startups partnering with BaaS providers. I also share the names of some of the providers that I know to be reliable, the difference between BaaS, open banking, and FinTech-friendly banking, and the factors to consider before choosing a BaaS provider!

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Today's episode:

[00:39] The focus of today’s episode.

[00:58] Why current market conditions are problematic for BaaS providers and their partners.

[01:37] An overview of what has been going on in the BaaS world since 2020.

[03:28] Flaws in the design of Europe’s Baas industry.

[04:50] Why licensing services and technology services should not be mixed.

[06:34] How BaaS works and the services that BaaS providers offer their customers. [08:19] The most reliable BaaS providers to the best of my knowledge as of today.

[09:13] How open banking differs from BaaS.

[10:55] Understanding what a FinTech-friendly banking partner is.

[11:39] Advice for choosing the right BaaS provider for your startup.

Show links:

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