R&T Deposit Solutions (R&T) announced that it joined The BaaS Association (BaaS Association). This is a pivotal move that reinforces R&T’s commitment to empower growth and innovation among community banks, a critical segment within the banking industry that represents 77% of banking as a service (BaaS) participants. The BaaS Association was founded in 2022 as part of the Bankers Helping Bankers network. It provides a unified voice for financial institutions and fintech firms dedicated to advancing the adoption of BaaS solutions.
Recognizing the transformative potential of BaaS solutions, R&T has joined the BaaS Association to engage with industry leaders, share collective insights, and contribute toward the further adoption of BaaS solutions, which includes the deployment of advanced technologies and new business models that R&T believes are critical next steps in the evolution of community banking.
Latest Fintech News: BIG, Alkami and Arrowhead Credit Union Collaborate for Seamless Digital Banking Conversion
As a member of the BaaS Association, R&T gains access to a dynamic network of like-minded professionals who are working to help shape the BaaS landscape. “Joining the BaaS Association was a natural progression for us as the association’s mission aligns closely with our own,” said Joe Jerkovich, President and CEO of R&T. “Our membership expands our access to industry leaders, creating an opportunity for us to gain invaluable market insights and share our own perspective as we collectively work to help community banks compete in a rapidly changing environment.”
“As the BaaS Association continues to grow, the impact of our collective efforts on the community banking landscape becomes increasingly profound and the addition of R&T amplifies our shared mission,” stated Dave Mayo, Founder of the BaaS Association.
Latest Fintech News: OneBlinc Secures $100 Million Credit Facility with Clear Haven to Fuel Growth of Underserved Credit Products
Both R&T and the BaaS Association recognize the vital role community banks play in sustaining local economies and supporting small businesses. Recent industry surveys estimate that over 60% of small business loans are originated by small and mid-sized banks. For community banks to continue to thrive and fulfill this critical function, both R&T and the BaaS Association recognize the need to support community banks as they adopt these new technologies and expand their capabilities at attract and retain valuable customers.
Latest Fintech News: PNC Capital Markets Launches PNC Asset Exchange to Help Financial Institution Clients Optimize Loan Portfolios
[To share your insights with us, please write to sghosh@martechseries.com]
