096 - How to Choose a Banking-as-a-Service Partner

<p><span style="font-weight: 400;">I’ve been asked by many different people about how to choose a banking-as-a-service partner and the differences between banking-as-a-service partners and FinTech-friendly banking partners. So, I’ve put everything you need to know about this topic into this podcast episode! </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:45] The reason why I chose banking-as-a-service as today’s topic. </span></p> <p><span style="font-weight: 400;">[01:31] An explanation of what banking-as-a-service is (hint: it’s not just a bank that offers services to FinTech startups).</span></p> <p><span style="font-weight: 400;">[03:23] Some of the most popular banking-as-a-service providers.</span></p> <p><span style="font-weight: 400;">[04:00] Another term for banking-as-a-service. </span></p> <p><span style="font-weight: 400;">[04:28] The difference between banking-as-a-service and cards-as-a-service platforms.</span></p> <p><span style="font-weight: 400;">[00:39] Comparing banking-as-a-service and open banking.</span></p> <p><span style="font-weight: 400;">[06:04] How a FinTech-friendly banking partner differs from a banking-as-a-service partner.</span></p> <p><span style="font-weight: 400;">[06:54] Examples of conditions that some banking-as-a-service partners have put in place in relation to their potential clie