{"id":75889,"date":"2025-06-30T16:34:45","date_gmt":"2025-06-30T16:34:45","guid":{"rendered":"https:\/\/smebanking.agency\/club\/?post_type=product&amp;p=47749"},"modified":"2025-06-30T16:34:45","modified_gmt":"2025-06-30T16:34:45","slug":"47749-banking-as-a-service-2","status":"publish","type":"product","link":"https:\/\/smebanking.agency\/platform\/report\/47749-banking-as-a-service-2\/","title":{"rendered":"Banking as a Service: a $25 billion revenue opportunity in fintech banking"},"content":{"rendered":"<p>According to the U.S. Federal Reserve System (FRS) report\u00a0<em>\u201cAccess to Innovation through Partnerships for Community Banks\u201d<\/em>:<\/p>\n<p>\u201cBanks are increasingly partnering with financial technology (fintech) companies to gain access to innovation. When approached correctly and with appropriate safeguards, partnering with fintechs can provide banks with access to innovations that allow them to better serve their customers and implement technologies that might be too costly to develop independently.\u201d<\/p>\n<p>A recent report by Cornerstone Advisors titled\u00a0<em>\u201cThe State of Bank-Fintech Partnerships\u201d<\/em>\u00a0supports the FRS\u2019s comments. According to the report, nearly two-thirds of banks and credit unions have partnered with at least one fintech company over the past three years, and 35% have made investments in fintech. Among those that have not yet partnered or invested, 37% plan to partner in 2022, and 18% plan to invest in fintech in 2022. However, the report revealed that:<\/p>\n<ul>\n<li><strong>Fintech partnerships are not meeting financial institutions\u2019 goals.<\/strong>\u00a0Few institutions report that their partnerships have led to significant growth in lending volumes, productivity, or increased revenue from new products and services.<\/li>\n<li><strong>Technology integration is a major challenge in bank-fintech partnerships.<\/strong>\u00a0Integration with core and auxiliary systems is the biggest obstacle. Many institutions cite digital banking platform integration and lack of experience with application programming interfaces (APIs) as key issues.<\/li>\n<\/ul>\n<p>Banks may be looking for fintech partnerships in the wrong places. A joint report by Cornerstone Advisors and Synctera highlights a $25 billion profit opportunity for banks through offering <strong>Banking as a Service (BaaS)<\/strong>\u00a0via third-party technology companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech partnerships are becoming one of the primary forms of innovation for financial institutions. The benefits of such collaboration were highlighted in a joint study titled\u00a0&#8216;Banking as a Service: Banks\u2019 $25 Billion Revenue Opportunity in Fintech Banking&#8217;\u00a0by Cornerstone Advisors and Synctera.<\/p>\n","protected":false},"featured_media":47760,"template":"","meta":{"pmpro_default_level":"","tdm_status":"","tdm_grid_status":""},"product_brand":[],"product_cat":[2355,2347],"product_tag":[2268],"class_list":["post-75889","product","type-product","status-publish","has-post-thumbnail","product_cat-digital-banking-en","product_cat-study-library","product_tag-cornerstone-advisors","pmpro-has-access","first","instock","shipping-taxable","product-type-external"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banking as a Service: a $25 billion revenue opportunity in fintech banking - SME Banking Platform<\/title>\n<meta name=\"description\" content=\"Fintech partnerships are becoming one of the primary forms of innovation for financial institutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smebanking.agency\/platform\/report\/47749-banking-as-a-service-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking as a Service: a $25 billion revenue opportunity in fintech banking - 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