BANKS

We make it easy to
get into BaaS

Whether you’re a seasoned Banking-as-a-Service (BaaS) veteran or considering BaaS for the first time, our FinTech-as-a-Service platform provides the tools to streamline reconciliation, compliance risk and operations, while protecting your banking license. Explore what our platform can do for you.

Learn more

Community banks are facing headwinds on multiple fronts

Traditionally the backbone of the U.S. banking system, community banks lean on their strong local presence and in-market relationships. But amidst the low interest rate environment, fierce competition and rising expectations in a digital world, you’re struggling to find your next growth play. Not only that, you’re also grappling with legacy system constraints, finite resources and a heavy regulatory burden.

Community banks are facing headwinds on multiple fronts
Your next FinTech
partnership awaits

The good news is community banks are well positioned to play in the FinTech space. With the right partners, your Banking-as-a-Service (BaaS) strategy creates a revenue opportunity without cannibalizing your existing business, while offering a compelling way to level the playing field with larger banks.

There’s also a large imbalance in the market today, with a plethora of fintechs that need access to a sponsor bank and too few sponsor banks ready to partner. We’re here to help change that.

The challenge with bank/FinTech partnerships

Community banks face several roadblocks when partnering with FinTechs. You probably have limited resources available to support your FinTech partnerships. A lack of visibility into your partners’ day-to-day operations exposes your banking license to regulatory risk if controls are not operating as intended.

Back office constraints result in time-consuming, costly manual processes and complex technology integrations. And it takes considerable time to onboard your new FinTech partners.

What to expect with Synctera

Deep domain expertise

Our team brings decades of banking and FinTech experience to bear across go-to-market, product, engineering and enterprise risk management and compliance, as well as a proven track record of success.

Your FinTech matchmaker

Our marketplace model includes prospective FinTech partners of all shapes and sizes, with a range of risk profiles, allowing you to select the best partner for your needs.

Rapid partner onboarding

Vet partners quickly, price them accurately and onboard seamlessly in as little as 90 days from contract signing.

Contracting made easy

Working with Synctera simplifies contracting—no more juggling conditions and pricing models across multiple third-party vendors—and streamlines your due diligence process.

Aligned business model

It’s simple—when you’re successful, we’re successful. Our 50/50 revenue share model allows you to pay as you go with no upfront costs and no minimum term or commitments.

Diversify your revenue sources

Generate new sources of revenue on FinTech services that are not otherwise possible.

Regulatory transparency

With ongoing compliance support and automated reporting, gain instant visibility into partner activities and performance, while monitoring your risk exposure.

Best-in-class security

Gain peace of mind with predictive cybersecurity analytics, optimized KYC workflows, robust transaction monitoring and automated risk policy enforcement.

Ongoing platform enhancements

We’re continuously adding new features and functionality that our customers are looking for.

Scalability

Grow your BaaS program to include multiple FinTech partners with just a small team—no need to add an army of enterprise risk management and compliance professionals.

Your second line
of defense

When it comes to BaaS, community banks face complex, and at times confusing, supervisory expectations in areas such as consumer compliance, BSA/AML compliance, vendor management and cybersecurity risk management. Synctera’s industry risk experts, led by a former bank regulator, will be with you throughout the entire process. We’ll develop a deep understanding of your bank’s risk appetite and limits for your FinTech activities to align with your institution’s unique risk profile. In this way, Synctera serves as your second line of defense.

Your second line of defense

Coastal Community
Bank’s journey

Coastal Community Bank (CCB) is a $1.77 billion community bank serving Washington state. As a new growth driver, its BaaS program enables digital providers to offer banking services. Growing its portfolio from two FinTech partners to 15 since 2015, CCB is working with Synctera to automate manual processes as it continues to scale the program.

Coastal Logo
We’re solving complex problems—you probably have a few questions.
Our team looks forward to answering them.
Contact us