As we continue to see financial institutions integrating banking-as-a-service models into their operations and product offerings, a variety of complexities have arisen in the industry. Noting some exceptions, FinTechs are not banks and therefore do not have the ability to directly bank a depositor. This issue compounds with funds being held in these Fintech solutions without FDIC insurance protection. To solve these challenges, many FinTechs are partnering with financial institutions to be the backbone support to make FinTech front-end solutions possible. While these partnership opportunities are great and can benefit both parties, the ownership of funds and implications to other parties such as Third-Party Senders must be accounted for. FBO accounts are commonly used with FinTech providers and include a plethora of different setup and titling considerations. In this session, Sean Carter CEO, and Mark Dixon VP of Education, of NEACH continue their 2023 PMC session discussion by diving into the implications, considerations, and industry practices occurring in today’s BaaS environment. Come join the two and learn more about the intersection of Fintech banking and FBO accounts while the two chat about what they have seen work well and what has not.