R MAKE BOLD BUSINESS MOVES WITH BAAS IN 2023 Has your bank started looking into new growth strategies this year? Mergers and new product development are always on the table, but the truth is they can take years to pay off. Banking as a Service (BaaS) offers banks of all sizes a faster path to growth and here's why: REVENUE There are multiple opportunities to diversify revenues (e.g. payments, lending, investments, debit/credit card solutions, etc). INNOVATION BaaS integration provides innovative products for the bank and bank's customers without the expense of technological development. This Is Your Chance To Make A Move. Your bank can realize as much as $25 billion in BaaS revenue by 2026. And while there is competition to offer BaaS, only 11% of banks are currently pursuing it. Scan the QR Code to learn the basics and how to get started with BaaS. 512-616-1188 **Chat with us in person at ICBA Live - Booth 514 www.ibtapps.com References Cornerstone Advisors: Banking as a Service 2021 report; Forbes Apr 2022 The Differences Between Application Programming Interface, open Banking And Banking As a Service ACQUISITION Banks can reach a greater number of customers at a lower cost. Customer acquisition costs from $100 - $200 can be lowered to $5 - $35. INSIGHT BaaS can tap into customer insights more effectively and banks can use this information to create personalized offers for their customers.http://www.ibtapps.com