According to Andreessen Horowitz, compliance will give “competitive advantage” to the Baas industry. If “software is eating the world,” it has not yet taken a big enough bite out of compliance.
“Post-Dodd-Frank, financial services companies face more than 50k regulations across dozens of federal and state agencies (and that’s just in the United States). The existing and very manual compliance and risk processes are failing at both large financial institutions and at fintech startups supported by sponsor banks.”
LOQUAT Inc., a BaaS platform, is secure and compliant with regulatory frameworks and requirements. This makes it possible for us to support the Financial Institutions who we want to partner with and provide them with Cutting Edge Solutions that solve their most pressing problems, security being a top concern.