For a company looking for a bank partner to help launch a financial product, it can be frustrating. It's hard to tell what partner banks do and who offers what.
Partner 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 in the U.S. that fintech providers with some type of middleware or APIs to help create financial products are also working with sponsor banks.
The partner bank has become an integral part of the modern financial ecosystem as various industries embed financial services into their own businesses vis banking-as-a-service.
List of leading partner banks
Tearsheet put together this list of partner banks and the clients they serve to help shed a little more light on this growing sector of the industry: