These days, most leading SaaS platforms offer embedded payments and embedded financial services to stay competitive and help their small to medium-sized business clients thrive.

To embed these banking functionalities, SaaS platforms typically work with one of three types of financial or financial technology partners: They can deal directly with traditional financial institutions, work with an aggregator as an intermediary, or work with a modern full-stack BaaS provider.

While each of these models can be effective, they also come with different challenges and complexities.

In this essential playbook, we explore the nuances of each approach and examine how using a single embedded finance solution — with an in-house banking license — can help SaaS platforms:

• Seize new opportunities while minimizing dependencies on third parties 
• Ensure the highest degrees of stability, speed, and flexibility
• Cut down on costs, inconsistencies, latencies, and risk

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