Ryvyl experiences growing demand for its BaaS solution

RYVYL announced the Company’s innovative Banking-as-a-Service, BaaS, solution is experiencing rapid growth. Six global financial institutions have already signed up as partners and are projected to process more than $100 million in monthly transactions through the BaaS infrastructure when fully ramped up. The new partnerships includes Paydek, one of the leading corporate payment providers in the world; Xace, a banking alternative for the gaming sector; DBank, an international banking institution; JN Bank, a Foreign Exchange bank; Fundstr, a payment solution for businesses and individuals; and Commonwealth Bank & Trust. "RYVYL removes the middleman in many traditional banking operations and allows corporations to conduct the volume of business they need to, in a way that’s still fast, easy, and secure," says Fredi Nisan, RYVYL Co-Founder and Chief Executive Officer. "BaaS is the future of global banking, and we’re excited to be an enabling service provider in a space that rapidly emerging and reaching new customers every day."