What is Banking as a Service? | 11:FS Explores

Banking as a Service is used by the likes of Chime, Monzo, and so many more… but what exactly IS it?
Well, it’s the provision of complete banking processes as a service using an existing licensed bank’s secure and regulated infrastructure, with modern API-driven platforms from a specialist provider. These providers partner with those banks, and then BaaS lets almost any brand to embed financial services into their #customerexperience.
And that might sound complicated - but it doesn’t have to be.
Here to give you a run-down of BaaS is 11:FS Head of Ventures Simon Taylor, in this brand-new edition of 11:FS Explores (..at home!)

[@rgkh1503]

The most dense and visionary 5 minutes in youtube, thanks.

[@upplabs3480]

Very practical and insightful, it is thought provoking that makes me rethink.

[@chazmuzz]

Good primer. I was just hired by a fintech startup and tasked with integrating a BaaS. It's a brand new world for me so hopefully I learn to swim fast!

[@MGE0007]

Hello there... How is the fintech job going...?. I hope you are swimming like an Olympic Champ!!

[@animeshkaushik6938]

I am about to join one as a research analyst. How's it going Charlie 🥺

[@MGE0007]

@@animeshkaushik6938 who are you joining?

[@animeshkaushik6938]

@@MGE0007 Wallethub. Are you in the same industry?

[@MGE0007]

@@animeshkaushik6938 ...no just a follower...

[@VivekSingh-ts1ec]

A very detailed explanation.👍

[@georgegach7570]

Excellent insights! Subbing for more BaaS and Fintech content

[@giorgigogidze8966]

Thank u.

[@sanmijohn2268]

Thank very much for this

[@FinanceConsumer]

so this means i can make and design and build my own fintech bank ?

[@yerhere1233]

No music in background please