The banking industry has seen significant changes in the last decade. The growth of technology, rising use of smartphones, the app ecosystem, and digital banking have now bridged the distance between the customer and the bank. In a post-pandemic world, traditional banks are also facing a stiff challenge from fintechs and neobanks that focus on a better customer experience and hyper-personalization to deliver a better banking experience. In such a scenario, ‘Banking-as-a-Service’ (BaaS) has emerged as a trend that will shape modern banking in the next few years. BaaS is not just about the technology aspect of banking. It focuses on the overall frictionless banking experience that can be provided to customers.
Download this eBook to:
- Learn about the evolution of Banking-as-a-Service
- Regulatory and technological frameworks needed for the widespread adoption of BaaS
- The benefits of BaaS from the viewpoint of banks
- The role of APIs in developing a robust BaaS solution
