We’re happy to share that Synapse has been profiled in Tearsheet’s Banking-as-a-Service Buyer’s Guide 2022. This comprehensive look at the banking-as-a-service industry includes defining BaaS and why it matters, and how to choose a BaaS provider from the two types of providers that they outline:
- BaaS providers with a retail banking arm or banks that have embraced digital
- BaaS-focused fintechs or BaaS platforms that enable fintechs to connect with banks via APIs
The report goes on to detail the attributes that are important to consider when choosing a BaaS provider including competitive pricing, flexibility and scalability, whether they are well-established, product options and more. Other considerations that include budget size and risk and compliance knowledge, precede a list of sector players that include Synapse.
Tearsheet included an overview of the Synapse platform with detailed descriptions of our product suite which includes Deposit Hub, Credit Hub, and Global Cash. Competitive differentiators were mentioned along with target customer profiles.