The Future of FaaS: Cloud Computing and Global Payment Solutions Fuel Market Growth

By Greg Tavarez, TMCnet Editor | February 05, 2025

Fintech as a Service, or FaaS, allows companies to integrate financial technologies into their products and services without having to develop the infrastructure themselves. It provides businesses with ready-made financial solutions such as payment processing, banking services, lending, fraud prevention and compliance management through APIs and cloud-based platforms.

This enables non-financial companies (such as e-commerce platforms, SaaS (News - Alert) providers and marketplaces) to offer financial services more easily while enhancing customer experiences.

The FaaS model benefits businesses by reducing the time, cost and complexity of developing proprietary financial systems. Instead of having to jump hurdles when it comes to regulatory challenges as well as building financial tools from scratch, companies leverage FaaS providers like Stripe, Adyen or Solarisbank to embed financial services into their platforms.

This democratization of fintech capabilities allows businesses of all sizes to scale faster, improve customer engagement, and ...