The regulatory landscape for BaaS is constantly evolving, but it is similar to the regulation of traditional banking, e-money (electronic money) or payment services.
BaaS providers must comply with anti-money laundering (AML) and Know Your Customer (KYC) regulations, data protection and privacy regulations, as well as capital adequacy requirements. By utilizing the KYC and Transaction and Fraud monitoring Tools provided by Crassula, BaaS providers can manage a regulated environment across FinTech companies.