How banking-as-a-service (BaaS) works and industry outlook
- Business Insider Intelligence is launching its brand new Banking coverage in early September.
- To obtain a free preview of our Banking Briefing, please click here.
Across industries, digital transformation is democratizing data to enable greater transparency. New technologies are opening up legacy systems to emerging startups and third parties and, in some cases, putting data directly in the hands of consumers.
Business Insider Intelligence
In financial services, Banking-as-a-Service (BaaS) platforms have surfaced as a key component of open banking, in which banks provide more financial transparency options for account holders by opening their application programming interfaces (APIs) for third parties to develop new services.See the rest of the story at Business Insider
See Also:
- Merrill Lynch is shifting how it handles staff who drop out of its financial-adviser trainee program, and it highlights the industry's evolving career paths
- The hardest colleges and universities to get into in every state
- THE RISE OF BANKING-AS-A-SERVICE: The most innovative banks are taking advantage of disruption by inventing a new revenue stream — here's how incumbents can follow suit