Banks Rewrite Their BaaS Strategies Around Deposits and Fees

Embedded finance can bring banks deposits, fee income and assets generated through somebody else’s distribution.

Earnings results showed banks don’t all want the same mix. Fifth Third is growing deposits and fees through Newline.

FinTech partnerships generate nearly all The Bancorp’s deposits, although the bank moves some deposits to other institutions. First Internet Bank is […] The post Banks Rewrite Their BaaS Strategies Around Deposits and Fees appeared first on PYMNTS.com.