For a company looking for a bank partner to help launch a financial product, it can be frustrating. It’s hard to tell what sponsor banks do and who offers what.
That’s because sponsor banks, in general, don’t do a great job marketing themselves and frequently, their websites don’t have a lot of information about their business services.
Chances are high that fintech providers with some type of middleware or APIs to help create financial products are also working with a sponsor bank.
The sponsor bank becomes an integral part of the modern financial ecosystem as various industries embed financial services into their own businesses vis banking-as-a-service.
Tearsheet put together this list of sponsor banks and the clients they serve to help shed a little more light on this growing sector of the industry:
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