GLOSSARY
BaaS (Banking as a Service)
A model where licensed banks expose banking capabilities to other companies via APIs, letting them embed accounts, cards, or payments.
Banking as a Service (BaaS) lets non-bank companies offer banking features by using APIs from licensed banks or providers.
With BaaS, teams can embed account opening, issuing cards, or payment rails into products without building their own core banking stack. It reduces compliance overhead and speeds up go-to-market for fintech features.
Related
Related terms.
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API (Application Programming Interface)
A set of rules and protocols that allows different software applications to communicate with each other.
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Business Technology Platform (BTP)
A platform layer for APIs, integrations, and data pipelines that connect core systems.
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Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
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Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.