Velmie, a leading provider of open banking APIs and core banking technology, today announced the release of its Top BaaS platforms rating. The rating is based on a comprehensive assessment of BaaS providers across a number of criteria, including security, scalability, flexibility, and support.

“We are excited to release our top BaaS rating, which provides financial institutions with a valuable resource for evaluating BaaS providers,” said Paul Shumsky, CMO of Velmie. “We believe that BaaS is a critical enabler for financial institutions that want to innovate and compete in the digital age. Our rating can help financial institutions select the right BaaS provider to help them achieve their goals.”

The Velmie top BaaS rating is based on the following criteria:

• Security: The provider’s security measures, including data encryption, fraud detection, and incident response plan.
• Scalability: The provider’s ability to support the growing needs of financial institutions.
• Flexibility: The provider’s ability to meet the specific needs of financial institutions.
• Support: The provider’s customer support capabilities.

The rating is a valuable resource for financial institutions that are evaluating BaaS providers and can help financial institutions select the right BaaS provider to achieve their goals.

To learn more about the Velmie top BaaS rating, please visit https://www.velmie.com/top-baas-providers