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Banking-as-a-service delivers new deposits for banks

January 5, 2023


Banking-as-a-Service (BaaS) will have a banner year in 2023, Treasury Prime CEO Chris Dean told Karen Webster in an interview.

Traditional financial institutions (FIs) will be the critical ingredient for embedded banking software platforms to create new operating systems for enterprises, he said — particularly small- to medium-sized businesses (SMBs).

“It’s exactly the right time, right now, for embedded banking because it’s a real revenue generator for the banks and for corporates,” Dean said.

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