Core Bank Joins Banking-as-a-Service Association

Core Bank announced its membership in the Banking-as-a-Service (BaaS) Association, an industry body focused on promoting responsible bank-fintech collaboration. By joining the association, Core Bank signaled its intent to deepen its involvement in BaaS, supporting innovation while maintaining compliance and safety standards. The BaaS Association advocates for best practices in partnerships between banks and fintech companies, particularly as regulatory scrutiny of such arrangements intensifies.

Core Bank highlighted its focus on serving underbanked communities through these fintech-enabled services. The move positions Core Bank alongside other community and mid-size banks that are actively building BaaS programs. Financial terms of the membership were not disclosed.

The announcement comes as the BaaS industry seeks to professionalize and self-regulate amid increased attention from banking regulators.