AeroVision has been recently working with Vast Bank, Stride Bank, and many other community banks to help normalize data coming from the processors that Fintechs work with. The goal is to clean up the transactional data for account reconciliation as well as to feed that data to various Anti-Money Laundering Vendors (AML) that the community bank is working with. We now have a lot of experience working with a variety of these processors such as Galileo, Marqeta, FIS North, I2C, Green Dot, and others.
Our relationship going forward with the BaaS Association will aim to help community banks further discuss industry-wide problems that AeroVision expertise can solve. As we build relationships with more community banks, we begin to obtain knowledge that can help others experiencing the same set of problems.
Guiding our banking partners to success with their Fintech Programs will be our number one goal that helps increase the momentum of an industry that has the potential to grow at a much faster rate.
The BHB BaaS Association is a premiere governance association with the purpose of promoting, creating, and supporting Banking-as-a-Service (BaaS). Our goal is to teach and to guide through education, collaboration and find new ways for community banks to make money. BaaS is a highly specialized niche and one that is seeing a tremendous increase in bank participants. Fueled by rapid expansion in fintech funding and a constant supply of new startups, there simply aren’t enough BaaS Sponsor banks to meet the growing demand from hundreds of FinTech applicants. The BaaS Association aims to serve the unique needs of BaaS Sponsor banks.
"Following years of history together, launching the BHB BaaS Association was a natural next step. We were approached by numerous banks at our Roundup conference last October, asking us to explore creating an organization with very specific purposes that are not being met by anyone else. Frankly, we are proud to have gotten this done for them. It’s humbling to play a part in creating something that truly demonstrates the power of our ethos…" - Tanner Mayo, Co-Founder, BaaS Association
"BaaS banks are mostly community banks, a few are larger, but one thing they have in common is that they are the top earning banks in the United States. These elite bankers are the top 1% in both profitability and innovation, representing the greatest hope in a generation for the future of community banking." - Tanner Mayo, Co-Founder, BaaS Association