5 Banking-as-a-Service providers driving digitisation in Europe

By Gloria Methri

Banking-as-a-Service (BaaS) describes a strategy in which FinTech companies partner with traditional banks to provide digital banking services in one integrated platform using API.

By integrating banking services into existing applications, BaaS providers help companies increase efficiency in their operations. BaaS also makes it easier for FinTech startups to launch their products and services faster.

As the financial landscape evolves, Banking-as-a-Service providers are crucial in helping businesses integrate banking solutions smoothly. Here are five emerging BaaS providers in Europe that are driving significant digital transformation in the financial services sector.

• Ebury

Ebury, headquartered in London, focuses on international payments, collections and foreign exchange services. It offers financial solutions aimed mainly at SMEs and midcaps. Ebury offers foreign exchange activity in over 130 currencies – for both primary and emerging markets – as well as cash management strategies, trade finance, and foreign exchange risk management. By simplifying international transactions for businesses, Ebury helps clients navigate the complexities of global trade, making it easier for SMEs to engage in the digital economy.

• FintechOS

FintechOS, based in Romania, offers a no-code platform for banks and financial institutions to digitise their services rapidly. With FintechOS, banks, insurers, and other financial institutions can extend their core business systems, often inflexible in the face of agility and versatility requirements, with flexible capabilities to address the entire product lifecycle – and provide employees with productive tools for defining, distributing, subscribing, servicing, and analysing the performance of financial products.

• Intergiro

Intergiro is a Swedish Banking-as-a-Service provider offering a comprehensive suite of payment APIs that help internet platforms increase revenue, reduce costs, and drive user engagement. Its no-code white-label platform allows businesses to rapidly deploy customised banking solutions featuring accounts, cards, and payments, all powered by data-driven user insights.

• Noda

Noda is a rising BaaS provider in Europe that helps FinTechs and businesses integrate banking capabilities into their applications. Offering features such as account management, payment processing, and compliance tools, Noda streamlines the banking experience and allows clients to enhance their digital offerings. With Noda’s advanced Open Banking API, online businesses can easily integrate direct bank payments, offering their customers a seamless and secure payment experience with lower fees.

• Pleo

Pleo, a Danish company, specialises in expense management and payment solutions tailored for businesses. Its Banking-as-a-Service platform allows companies to issue smart company cards and manage expenses in real time, streamlining financial workflows and providing greater control over spending. These smart company cards enable employees to buy the things they need for work while keeping a company’s finance team in control of the expenditure.