Bankers
Helping Bankers, a bankers-only platform, said in a press release that it had
formed the BHB
Banking-as-a-Service Association.
The association plans to coordinate legislative and regulatory
advocacy efforts for BaaS providers and promote best practices and standards
for delivering services to nonbanks.
The plan is to encourage bankers to share experiences, insights,
successes and failures and to connect federally insured financial institutions with
fintech partners.
"These
elite bankers lead in profitability and innovation,” Tanner Mayo, Bankers
Helping Bankers’ co-founder, said in the release. “It is essential that banks
getting into this space do so in a safe, sound, and regulatory-compliant way.”
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