Synctera for Banks

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

Report

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.

Partner Stories

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.