Software vendors hand it over. BaaS providers rent you theirs. We build it and run it under yours.

The European market offers three answers to “who builds our financial infrastructure”, and each carries a cost. Core banking vendors sell you software and leave you to operate it. BaaS providers put you under their licence — and their risk appetite. Specialists solve one layer.

You keep your own licence and permissions: Core banking softwarecoveredEuropean BaaS platformsyou sit under theirsSingle-layer specialistsvaries; Finomaticacovered
You own the customer relationship outright: Core banking softwarecoveredEuropean BaaS platformsthey can offboard youSingle-layer specialistsvaries; Finomaticacovered
The provider operates it, not just supplies it: Core banking softwareyou run itEuropean BaaS platformscoveredSingle-layer specialistscovered; Finomaticacovered
Full stack as one system, not integrations: Core banking softwarecore onlyEuropean BaaS platformspartialSingle-layer specialists—; Finomaticacovered
Direct SEPA and SEPA Instant under your own membership: Core banking software—European BaaS platformsunder theirsSingle-layer specialists—; FinomaticaCENTROlink
Apps and portal built, branded and shipped: Core banking software—European BaaS platformsrareSingle-layer specialistssome; Finomaticacovered
Crypto in the same ledger as fiat: Core banking software—European BaaS platformsone, without cardsSingle-layer specialists—; Finomaticacovered
Local methods beyond Europe — PIX, LatAm: Core banking software—European BaaS platforms—Single-layer specialists—; Finomatica30+ markets
Works outside the EU and UK: Core banking softwaresoftware doesEuropean BaaS platforms—Single-layer specialists—; Finomaticacovered
Compliance operated day to day, not just tooled: Core banking software—European BaaS platformscoveredSingle-layer specialistspartial; Finomaticacovered
Proven at volume in live regulated production: Core banking softwarevariesEuropean BaaS platformscoveredSingle-layer specialistscovered; Finomatica$1B+/mo

What a launch actually requires	Core banking software	European BaaS platforms	Single-layer specialists	Finomatica
You keep your own licence and permissions	covered	you sit under theirs	varies	covered
You own the customer relationship outright	covered	they can offboard you	varies	covered
The provider operates it, not just supplies it	you run it	covered	covered	covered
Full stack as one system, not integrations	core only	partial	—	covered
Direct SEPA and SEPA Instant under your own membership	—	under theirs	—	CENTROlink
Apps and portal built, branded and shipped	—	rare	some	covered
Crypto in the same ledger as fiat	—	one, without cards	—	covered
Local methods beyond Europe — PIX, LatAm	—	—	—	30+ markets
Works outside the EU and UK	software does	—	—	covered
Compliance operated day to day, not just tooled	—	covered	partial	covered
Proven at volume in live regulated production	varies	covered	covered	$1B+/mo

Assessed from each provider’s own published material, August 2026. Compared by category rather than by name, because a named comparison ages the day a competitor ships a feature.

The alternative

The same product, assembled the usual way.

Building it yourself

Licence a core banking platform — then staff a team to run it
Contract an issuer processor for cards
Contract a KYC vendor, then an AML monitoring vendor
Contract an FX provider, then a crypto custodian
Apply for CENTROlink participation and build the integration — or accept a sponsor bank’s pricing and cut-off times
Find a PSP per region for local payment methods
Design and build iOS, Android and the web portal from nothing
Integrate six roadmaps you don’t control, and own the seams forever

Six vendors · six contracts · six integrations · an engineering and compliance org to run them · roughly two years to first transaction.

On Finomatica

Bring your licence — everything underneath it is already built
Direct CENTROlink integration, live on day one — euro payments at scheme cost, 24/7
Accounts, IBANs and the ledger arrive as one system
Card issuing wired into the same ledger and the same customer record
KYC, KYB, AML and fraud already running, and operated by us
FX, crypto and custody in the same balances
Apps, portal and checkout already built, in your brand
One integration, one roadmap, one team accountable

One platform · one contract · one integration · months, not years.