Grow your business by partnering with top FinTechs
Synctera helps you grow revenue through Banking as a Service (BaaS). We connect you with top FinTech startups and companies of all sizes building embedded financial products. We also provide all the tools required to establish and maintain transparent, productive partnerships with them.
Our bank partners powering the next generation of financial innovation
Why should you consider offering Banking as a Service (BaaS)?
“[Banking as a service is a] strategy where a financial institution partners with a fintech or other non-financial institution brand to provide financial services to the partner’s customer base, leveraging the institution’s charter and capabilities...”
— Cornerstone Advisors
Read Cornerstone Advisors’ report to learn why:
BaaS is a game-changing new revenue opportunity for community banks
Offering BaaS through a FinTech platform such as Synctera can help you maximize this opportunity
Benefits of offering Banking as a Service through Synctera
Grow revenue
Create new revenue streams from FinTech products you would not be able to offer yourself, and compete more effectively for low-cost deposits - without cannibalizing your existing business
Keep BaaS costs down
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
Protect your charter
The FinTech builders on the Synctera platform all use Synctera’s best-in-class risk and compliance products, and have access to our Ground Control program for banking and compliance operational support
How the Synctera platform works for banks
Onboard
Onboarding is fast and easy. Decide which FinTech use cases you want to support, then work with our team to set up your BIN. Our lightweight platform and single API require minimal IT resources and no integration with your core banking system.
Connect with potential FinTech partners
Synctera continually connects you with the startups, SMBs, and large enterprises building FinTech apps on the Synctera platform. We consider each FinTech builder’s use case and risk profile, and make connections based on mutual compatibility.
Establish your partnerships
Working with Synctera simplifies contracting and streamlines your due diligence process. Vet partners quickly, price them accurately, and onboard seamlessly in as little as 90 days from contract signing.
Manage your partnerships
Use Synctera Cases to gain oversight of your FinTech partners, streamline interactions with them, and automate manual processes for key operational workflows.
Earn revenue
Earn a share of interchange revenue generated by your FinTech partners’ cards programs, and a share of the margin on the Synctera services they consume. Synctera charges banks no upfront costs and no minimum terms or commitments.
FinTech partnerships in action
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 more than 15 since 2015, CCB is working with Synctera to automate manual processes as it continues to scale the program.
