The BHB BaaS Association has its first chairman.
The Austin, Texas, group formed by Bankers Helping Bankers earlier this year to focus on Banking-as-a-Service providers, said in a press release Wednesday that Robert Keil had accepted the role.
Keil, chief payments officer at Sutton Bank, leads the Attica, Ohio, bank’s BaaS efforts. He previously worked at Fiserv, where he focused on fintechs and emerging payments.
“Community banking is experiencing a number of challenges,” Keil said in the release.
BaaS “is one offering that enables banks to generate alternative revenue and predictable fee income,” Keil added. “By partnering with select [fintechs] smaller community banks are able to offer banking services to large numbers of the unbanked and underbanked population.”