Bank tracked in the Embedded Finance Index. Named by 2 companies, most often as their banking-as-a-service.
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2 companies name RBC in their stack. The most common role is banking-as-a-service (1). A company can use the same bank for more than one thing.
Founded in 1864 as a merchant bank in Halifax, RBC has grown into Canada's largest bank by market capitalization and a top-10 global bank. Over the past decade, RBC has made a significant push into embedded finance, fintech ventures (Ownr, Dr.Bill, Mydoh, Houseful), and API-first banking — winning Celent's Model Bank Award for API strategy in 2019. The 2024 acquisition of HSBC Canada dramatically expanded its domestic footprint. RBC increasingly operates its own embedded finance products (PayPlan BNPL, PayEdge AP automation, commercial card programs) rather than relying on third-party embedded finance vendors, reflecting its in-house infrastructure at scale.
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 RBC’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.
<a href="https://www.embeddedfinanceindex.com/vendors/rbc?ref=badge">
<img src="https://www.embeddedfinanceindex.com/api/badge/rbc.svg"
alt="Ranked #313 of 340 in BaaS — Embedded Finance Index 2026">
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<img src="https://www.embeddedfinanceindex.com/api/badge/rbc/install" width="1" height="1" alt="" style="display:none">2 companies are linked to RBC in the Embedded Finance Index 2026, through their own public disclosures or RBC's published customer list, including RBC Investor Services and Moneris.
RBC is a bank. Companies in the Embedded Finance Index 2026 name it as their banking-as-a-service (1), fx & payouts (1) and sponsor bank (1).
The most-named BaaS alternatives to RBC are Evolve Bank & Trust (71 buyers), Sutton Bank (63 buyers), Cross River (56 buyers), Pathward (48 buyers), ClearBank (39 buyers) and Thread Bank (35 buyers).
RBC is founded in 1864 and headquartered in Toronto, Ontario, Canada.
Get a read on where your own stack stands against RBC and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.