In the News

Banking-as-a-service grows as regulators play catch-up

Written by Anna Hrushka | Oct 25, 2022 9:09:00 PM

A sponsoring bank with 1 million consumer accounts, growing at 2% per month, that shares revenue for most revenue sources with a BaaS infrastructure provider would generate roughly $17.2 million in annual noninterest income from providing BaaS, according to a February report by Cornerstone Advisors.