OMB Bank is excited to announce the formation of a new dedicated Banking as a Service Department to facilitate its rapidly expanding financial technology partnerships. BaaS, as it’s commonly called within the banking industry, enables fintechs to market bank products under their own brand names with the help of the partner bank’s financial services and FDIC membership.
Mindy Taylor will lead OMB’s newest division as BaaS operations manager, while Faith Strong was promoted to BaaS operations specialist. Taylor joined OMB in October 2023 as an organizational development specialist and has nearly 24 years of banking experience, including 13 years at Jack Henry and Associates. Strong joined OMB in 2022 as a float teller before promotions to personal banker and, most recently, assistant branch manager of the bank’s Mt. Vernon location.
“As the banking landscape evolves, OMB remains committed to innovation and accessibility,” said Chief Operating Officer Steve Bishop. “The establishment of our new Banking as a Service Department underscores the bank’s dedication to empowering fintechs through our seamless financial solutions. We're excited to catalyze growth and foster partnerships in this dynamic ecosystem.”
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OMB Bank is a community financial institution with approximately $1.4 billion in total assets that operates with a steadfast commitment to empowering the communities we serve.