What is Banking-as-a-Service (BaaS)? A Beginner-Friendly Guide for Digital Businesses
Many businesses want to offer digital banking features, like instant payments or simple account management, but building your own bank is hard. Traditional banks require a banking license, and strict rules make it expensive and slow to add new financial services. I know this struggle, I’ve seen companies spend months trying to launch basic payment processing or other banking products, only to get stuck on regulatory compliance or high costs. In fact, custom-built solutions can cost up to $1 million …