Small- to medium-sized businesses (SMBs) that partner with a financial institution (FI) to offer banking services can tap into two fast-growing industries.
The first is Banking-as-a-Service (BaaS), which is expected to become a $3.6 trillion industry by 2030. Eighty-one percent of FIs in a survey saw BaaS as a way to increase business, shorten time to market, improve distribution channels and streamline operations.