March 25, 2021

No Banking License? No Problem!

Carla McMorris
Director of Content

Listen to Episode 3

Welcome back to the third podcast of the new series Under The Hood from 11:FS and Synapse. In this series, we’re diving deep to uncover the banking infrastructure that is disrupting traditional banking models and shaking up the system to improve the financial lives of millions around the world.

The co-hosts, Simon Taylor, co-founder of 11:FS, and Sankaet Pathak, founder of Synapse are joined by Joanne Dewar, CEO, Global Processing Services (GPS), and Teo Blidarus, Founder and CEO at FintechOS. Also joining is Siddharth Verma, co-founder of OnJuno, a new neobank.

In this third episode, the group will focus on what having a banking license means in multiple countries and what you can do and cannot do without one. Then they move on to discuss the time, money, and compliance challenges of getting a banking license, highlighting that you don’t need your own license to be able to offer finance products anymore with the emergence of BaaS.

“It’s less about who owns the license. It’s more about value creation.”

-Teo Blidarus

The group goes on to discuss the details of the technology and the partnerships, answering questions like how do a license holder and a brand work together to allow one to use the other’s license, what tech is used to link them together and how are other third parties also integrated? 

The discussion continues with a focus on the evolution of BaaS and how much consumers really care about who has the banking license or other licenses. They also discuss the potential emergence of Customer Service as a Service within the next 18 months.


No Banking License? No Problem!

< Back
Carla McMorris
March 25, 2021

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.