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What Is BaaS? Banking‑as‑a‑Service Explained for Engineering Teams

calendar_today June 12, 2026 person Formance Staff domain formance

Banking‑as‑a‑Service (BaaS) gives engineering teams access to regulated banking rails via APIs. Learn how the BaaS model works, how it differs from embedded finance/open banking, and what infrastructure you still need to build (ledger, reconciliation, idempotency, state management).

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