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Webster Bank joins newly launched BaaS Association

May 27, 2022

Webster Bank joins newly launched BaaS Association
Webster Bank joined the newly launched Bankers Helping Bankers (“BHB”) Banking-as-a-Service (BaaS) Association as a founding member. The Association aims to serve the unique needs of BaaS Sponsor banks.

Webster’s BaaS team partners with fintech, or other non-financial institutions, to offer monetary types of assistance to the accomplice’s client base, enabling them to use Webster’s contract and capacities, for example, account the board, charge and Visa issuance, and payment and additionally lending services.

“Webster is focused on working with similar companions to drive figured authority and advancement to assist with molding arising financial services contributions,” said Chris Rigoni, Managing Director for Webster BaaS. “We see a gigantic chance to keep on developing our BaaS business, and we anticipate working with the Association on the advancement of best practices to give the magnificent encounters to shoppers and organizations the same.”

Banking-as-a-Service is seeing a gigantic expansion in bank members energized by quick development in fintech funding and a consistent stockpile of new businesses. An exceptionally specific business requires extraordinary technology, regulatory and compliance expertise, and operational capabilities.

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