![Crypto Terms Glossary: What is Banking as a Service (BaaS)? Crypto Terms Glossary: What is Banking as a Service (BaaS)?](/img/146/111/what-is-banking-as-a-service-baas-sm.webp)
Banking as a Service (BaaS) is a type of software platform that provides financial services. BaaS provides infrastructure for legacy banking systems to connect and share data with third-party financial service providers to create new products. BaaS can be thought of as the 'middleware' between legacy financial institutions and financial technology (FinTech) start-ups.
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