Bank tracked in the Embedded Finance Index. Named by 4 companies, most often as their banking-as-a-service.
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4 companies name Federal Bank in their stack. The most common role is banking-as-a-service (4). A company can use the same bank for more than one thing.
Federal Bank is a 90+ year-old Indian private sector bank that has repositioned itself as the go-to sponsor bank for Indian fintechs. Alongside traditional retail and wholesale banking, it has aggressively built an API Banking platform and co-brand/BaaS-style partnerships (Fi, Scapia, OneCard, Jupiter, etc.), making it — by its own claim — the bank that handles more than 1/6th of India's total foreign inward remittances via APIs. The strategic bet is that being the regulated rail underneath Indian fintechs is more scalable than winning retail customers branch-by-branch.
Full dossier: Federal Bank’s own stack, layer by layer →Other banks named for BaaS in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
An embeddable badge for Federal Bank’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.
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<img src="https://www.embeddedfinanceindex.com/api/badge/federal-bank/install" width="1" height="1" alt="" style="display:none">4 companies disclose Federal Bank in their stack in the Embedded Finance Index 2026, including Fi, Fi Money, Jupiter and Onecard.
Federal Bank is a bank. Companies in the Embedded Finance Index 2026 name it as their banking-as-a-service (4), sponsor bank (4) and card issuer (2).
The most-disclosed BaaS alternatives to Federal Bank are Evolve Bank & Trust (72 buyers), Sutton Bank (64 buyers), Cross River (56 buyers), Pathward (47 buyers), ClearBank (40 buyers) and Thread Bank (35 buyers).
Federal Bank was founded by K. P. Hormis and is founded in 1931, headquartered in Aluva, Kochi, Kerala, India.
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