BaaS options are becoming more limited and their requirements are becoming stricter. In this episode, I explain why the current market conditions are challenging for early-stage startups partnering with BaaS providers. I also share the names of some of the providers that I know to be reliable, the difference between BaaS, open banking, and FinTech-friendly banking, and the factors to consider before choosing a BaaS provider! If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.    Today's episode: [00:39] The focus of today’s episode.  [00:58] Why current market conditions are problematic for BaaS providers and their partners. [01:37] An overview of what has been going on in the BaaS world since 2020.  [03:28] Flaws in the design of Europe’s Baas industry.    [04:50] Why licensing services and technology services should not be mixed.  [06:34] How BaaS works and the services that BaaS providers offer their customers. [08:19] The most reliable BaaS providers to the best of my knowledge as of today.  [09:13] How open banking differs from BaaS.  [10:55] Understanding what a FinTech-friendly banking partner is.  [11:39] Advice for choosing the right BaaS provider for your startup.    Show links: Join my Crash Course on White Label Solutions in FinTech here!  Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.