Trakker Apps Joins the BaaS Association, Advancing Safe, Innovative Banking-as-a-Service Technology
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FOR IMMEDIATE RELEASE
FARMINGTON, MI - March 11, 2025 — Trakker Apps today announced that it has joined the BaaS Association, a key initiative under the BHB (Bankers Helping Bankers) network dedicated to providing a unified voice for banks engaging in banking-as-a-service (BaaS). By joining the Association, Trakker Apps supports and is committed to enhancing collaboration, safety, and consumer protection across the fintech and banking landscape. |
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The BaaS Association’s mission is to develop and share best practices, foster educational opportunities, and advocate for banks offering BaaS solutions in a secure manner that prioritizes customers’ financial well-being. This membership enables Trakker Apps to engage with industry peers, contribute to the BaaS conversation, and share responsible frameworks that support community banks’ growth in the digital era.
“We’re thrilled to welcome Trakker Apps into the BaaS Association,” said Matthew Smith, CEO of BHB. “Collaborating with innovative firms like Trakker Apps strengthens our ability to ensure that BaaS solutions are built on a foundation of safety, soundness, and consumer protection.”
Trakker Apps is pioneering the next generation of fiscal management with the first and only ERP bank cloud-hosting enterprise platform designed specifically for financial institution deployment. Trakker Apps has taken integrated banking to the next level, where automated, AI-enhanced auto-reconciliation seamlessly syncs a customer’s books with the bank, eliminating the need for manual intervention.
“We make it effortless, saving time and reducing errors,” said Edward Kellman, P.E., CEO and Chief Design Engineer of Trakker Apps.
The platform also introduces a re-engineered, and patented "Double-Entry Multi-Extrinsic Variable Accounting" system, strategically advancing double-entry database management and business analytics. Financial institutions benefit from hosting the secure cloud by earning fees on services such as invoice collection, payable processing, and other ancillary offerings, unlocking new revenue streams and value for both the bank and its customers. By joining the BaaS Association, Trakker Apps reinforces its commitment to real-time, secure financial data management solutions.
“Joining the BaaS Association is a key opportunity for us to collaborate with organizations that share our commitment to secure, customer-first solutions and new technology,” said Edward Kellman, P.E., CEO of Trakker Apps. "We’re excited to contribute our expertise, learn from industry leaders, and help shape the future of how financial institutions serve their customers."
About Trakker Apps
Trakker Apps is a private BaaS fintech platform and the first ERP bank cloud hosting solution designed specifically for financial institution deployment. With patented enhancements to the traditional double-entry accounting model, Trakker Apps enables seamless real-time integration between financial institutions and their customers’ books and bookkeeping operations, while unlocking opportunities for fee-earning ancillary services. This innovative platform transforms financial data management, driving growth and innovation for both financial institutions and businesses. The innovative platform is meant to generate new business banking accounts. Trakker Apps boasts an innovative suite of cloud-based applications, for various industries.
For more information (or demonstration) about Trakker Apps visit, www.trakkerapps.com.
About the BaaS Association
The BaaS Association is the voice of the BaaS (Banking-as-a-Service) industry. The association promotes, supports, and advocates for BaaS sponsor banks which help serve millions of customers in a safe and compliant manner. The BaaS association represents over 80% of current BaaS sponsor banks operating across the United States. The BaaS Association provides education, collaboration, and best-in-class practices that serve the unique needs of BaaS Sponsor banks. The BaaS Association also helps establish sound bank-fintech partnerships, including those who provide banking services for underbanked and underserved communities. For more information visit www.baasassociation.com
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Media Contacts:
Trakker Apps
Diana Mayorga
[email protected]
(305) 735-9845
The BaaS Association
Rachel Hernandez
[email protected]
512-284-4987
“We’re thrilled to welcome Trakker Apps into the BaaS Association,” said Matthew Smith, CEO of BHB. “Collaborating with innovative firms like Trakker Apps strengthens our ability to ensure that BaaS solutions are built on a foundation of safety, soundness, and consumer protection.”
Trakker Apps is pioneering the next generation of fiscal management with the first and only ERP bank cloud-hosting enterprise platform designed specifically for financial institution deployment. Trakker Apps has taken integrated banking to the next level, where automated, AI-enhanced auto-reconciliation seamlessly syncs a customer’s books with the bank, eliminating the need for manual intervention.
“We make it effortless, saving time and reducing errors,” said Edward Kellman, P.E., CEO and Chief Design Engineer of Trakker Apps.
The platform also introduces a re-engineered, and patented "Double-Entry Multi-Extrinsic Variable Accounting" system, strategically advancing double-entry database management and business analytics. Financial institutions benefit from hosting the secure cloud by earning fees on services such as invoice collection, payable processing, and other ancillary offerings, unlocking new revenue streams and value for both the bank and its customers. By joining the BaaS Association, Trakker Apps reinforces its commitment to real-time, secure financial data management solutions.
“Joining the BaaS Association is a key opportunity for us to collaborate with organizations that share our commitment to secure, customer-first solutions and new technology,” said Edward Kellman, P.E., CEO of Trakker Apps. "We’re excited to contribute our expertise, learn from industry leaders, and help shape the future of how financial institutions serve their customers."
About Trakker Apps
Trakker Apps is a private BaaS fintech platform and the first ERP bank cloud hosting solution designed specifically for financial institution deployment. With patented enhancements to the traditional double-entry accounting model, Trakker Apps enables seamless real-time integration between financial institutions and their customers’ books and bookkeeping operations, while unlocking opportunities for fee-earning ancillary services. This innovative platform transforms financial data management, driving growth and innovation for both financial institutions and businesses. The innovative platform is meant to generate new business banking accounts. Trakker Apps boasts an innovative suite of cloud-based applications, for various industries.
For more information (or demonstration) about Trakker Apps visit, www.trakkerapps.com.
About the BaaS Association
The BaaS Association is the voice of the BaaS (Banking-as-a-Service) industry. The association promotes, supports, and advocates for BaaS sponsor banks which help serve millions of customers in a safe and compliant manner. The BaaS association represents over 80% of current BaaS sponsor banks operating across the United States. The BaaS Association provides education, collaboration, and best-in-class practices that serve the unique needs of BaaS Sponsor banks. The BaaS Association also helps establish sound bank-fintech partnerships, including those who provide banking services for underbanked and underserved communities. For more information visit www.baasassociation.com
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Media Contacts:
Trakker Apps
Diana Mayorga
[email protected]
(305) 735-9845
The BaaS Association
Rachel Hernandez
[email protected]
512-284-4987
Source: FI FinTech Newsroom