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Finance & Banking vocabulary · Fintech & Digital Banking

Banking as a service

Meaning in finance & banking, with examples

nounAdvanced term

In finance & banking, banking as a service means: An arrangement in which a bank supplies banking capabilities for another company's customer-facing service.

In Turkish: servis modeli bankacılığı

How it is used

Often abbreviated BaaS; identify the bank, platform and responsibilities instead of treating all providers as banks.

Example sentences

  1. The platform used banking as a service to offer accounts through a partner bank.

    The platform interface relies on banking capabilities supplied by another institution.

  2. The banking as a service agreement assigned customer support responsibilities.

    The arrangement needs clear allocation of operational roles.

Common collocations

  • banking as a service provider
  • BaaS arrangement
  • fintechShort for financial technology: technology that improves or automates financial services, and the companies that build such products.
  • neobankA bank that works only through a mobile app and website, without physical branches, and often offers lower fees and fast account opening.

More terms: Fintech & Digital Banking

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This page explains English vocabulary for learners. It is not financial advice.