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The enterprise-grade RFP template to evaluate BaaS vendors

Choosing the right Banking as a Service (BaaS) partner is a critical step for enterprises - it needs to be a methodical, thorough process to ensure you pick a vendor that fits your business needs. To help you move with confidence and streamline operations, we've built a BaaS-specific RFP template, designed for leaders and their teams embarking on transformation initiatives. 

The enterprise-grade RFP template to evaluate BaaS vendors

Choosing the right Banking as a Service (BaaS) partner is a critical step for enterprises - it needs to be a methodical, thorough process to ensure you pick a vendor that fits your business needs. To help you move with confidence and streamline operations, we've built a BaaS-specific RFP template, designed for leaders and their teams embarking on transformation initiatives. 

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A ready-to-use structure for your RFP

Our Request for Proposal (RFP) template is designed to make your BaaS partner evaluation process rigorous, unbiased, and more consistent, while saving you time, costs, and resources along the way. It's an editable Microsoft Excel workbook with nine structured sheets to guide you and your team step by step. 

  • Covers all major vendor evaluation areas while leaving room for customisation
  • Includes a key to help you identify the sections you should complete vs the vendor
  • Helpful tips to guide you while populating the template before issuing
  • Pre-configured cells for text and date inputs for ease of use

    Three reasons to download this template

    Purpose-built for BaaS procurement

    This is specifically designed for BaaS tenders. It covers all the critical evaluation areas - including compliance and security processes, technical architecture, and core product capabilities like account issuance and card scheme support - ensuring you assess the criteria that matter most.

    Backed by real-world expertise

    The template draws on 20+ years of hands-on experience supporting enterprises with the technical design, build, and integration of payment solutions. It distils that knowledge into a practical tool to guide teams through the complexities of tendering for BaaS.

    Accelerator of innovation projects 

    Ideal for companies undertaking payments transformation or modernisation journeys, the template helps kick-start the supplier selection process. It provides detailed, structured questions to support deep research and analysis — making it easier to identify the right partner.

    What's included

    The template includes pre-populated questions to evaluate each vendor against the following categories:

    • Product requirements
    • Compliance & Security
    • Technical architecture
    • Service operations
    • Project build & implementation
    • Pricing & commercials
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      Why trust Edenred Payment Solutions

      At Edenred Payment Solutions, we've been helping enterprises bring financial products to life for well over two decades.
      So, you can be confident that you're leveraging deep knowledge to guide your research and evaluation.

      End-to-end expertise

      We enable clients to offer digital banking, embedded finance, and card programs, while reducing technical and regulatory complexity. 

      Trusted by industry leaders

      We've supported innovative fintechs like Tide and thinkmoney to launch fast and scale with e-money accounts, cards and processing . 

      Proven RFP insight

      Having participated in numerous RFPs, we know the critical questions that matter most when assessing BaaS providers - and we've distilled them into this handy template. 

      Ready to simplify your BaaS vendor selection process?

      Download the free template today and start evaluating with confidence. 

      Get the template