- Deep Dive into the MoneyLion and OppFi SPACs
- Banking-as-a-Service (BaaS) Market Next Big Thing
- Community banks need cutting-edge tech to remain competitive
- Automation and IoT: Transforming How Industries Function
- Needed: People To Put The Intelligence In Artificial Intelligence
- 5 ways to a strong password and better personal cybersecurity
Showing posts with label Baas. Show all posts
Showing posts with label Baas. Show all posts
Thursday 18 February 2021
“Must Reads” for 18 February
Today’s “Must reads” in banking, fintech, payments, cybersecurity, AI, IoT and risk management include:
Labels:
ACH,
AI,
artificial intelligence,
Baas,
banking,
compliance,
cybersecurity,
fintech,
IoT,
mobile banking,
neobanks,
payments,
risk management,
SPAC
Wednesday 10 February 2021
What is Banking as a Service?
Banking as a Service is used by the likes of Chime, Monzo, and so many more online banks and financial service providers.
So, what exactly is Banking as a Service (BaaS)?
Well, it’s the provision of complete banking processes as a service using an existing licensed bank’s secure and regulated infrastructure, with modern API-driven platforms from a specialist provider. These providers partner with those banks, and then BaaS lets almost any brand to embed financial services into their customer experience. And that might sound complicated - but it doesn’t have to be. Here to give you a run-down of BaaS is 11:FS Head of Ventures Simon Taylor.
So, what exactly is Banking as a Service (BaaS)?
Well, it’s the provision of complete banking processes as a service using an existing licensed bank’s secure and regulated infrastructure, with modern API-driven platforms from a specialist provider. These providers partner with those banks, and then BaaS lets almost any brand to embed financial services into their customer experience. And that might sound complicated - but it doesn’t have to be. Here to give you a run-down of BaaS is 11:FS Head of Ventures Simon Taylor.
Labels:
API,
Baas,
banking,
Banking as a Service,
e-banking,
electronic banking,
fintech,
mobile banking,
online banking
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