Fintech Collaboration: Real Options for Community Banks

More and more fintech firms are looking for bank partners to provide banking services.

Boston, August 18, 2021 – The spectacular growth of the fintech sector has accelerated the development of BaaS as a key proposition to service fintech firms’ needs for easy access to banking services. BaaS enables the provision of complete banking processes. This way, financial institutions can generate new revenue streams from partnering with fintech firms, reclassifying fintech firms as partners rather than competitors to financial institutions.


This report describes the trend to BaaS as a solution to the banking service needs of fintech firms and neobanks, and describes the challenges that community banks face in developing BaaS and the options they have to implement BaaS solutions. It is based on Aite-Novarica Group’s extensive research library as well as interviews and briefings with the CEO, head of product management, and chief technology officer of Synctera (the sponsor of this report) as well as CCB’s CEO.

This 34-page Impact Report contains eight figures and three tables. Clients of Aite-Novarica Group’s Retail Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions: Andreessen Horowitz, Aspiration Financial, Bancorp Bank,, Carta, Celtic Bank, Chime, Coastal Community Bank (CCB), Cross River Bank, Ellevest, Finxact, Galileo, Green Dot, Goldman Sachs, Marqeta, MVB Bank, NBKC bank, ONE, Seacoast Banking Corporation, SoFi, Sutton Bank, Synctera, Thumbtack, Varo Money, and WebBank.

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