Banking-as-a-Service (BaaS) is quietly reshaping how financial products reach consumers. Apps, fintech startups, and even retailers now offer accounts or cards that look like traditional bank services—but they’re powered by third-party providers behind the scenes. Retirees drawn to convenience may not realize the hidden risks. While BaaS offers innovation, it also brings exposures most customers don’t see until it’s too late. Here are seven Banking-as-a-Service risks no one warned you about.
