Banking as a Service is an innovative pay-per-use turnkey solution allowing Financial Institutions to create new business models through monetization of their infrastructure/ API/ services/banking license.
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Banking as a Service
Features
- Banking as a Service Platform
- API Monetization Structure
- Personalized Developer Portal
- Comprehensive API catalog
Benefits for Financial Institutions
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Transform infrastructure that represents an expense into an alternative revenue source, monetize APIS through one single integration
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Improve customer journeys by providing an end-to-end client experience without building new products
Benefits for Third Party Providers / Corporates
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Faster time-to-market: By partnering with financial institutions, they can leverage the banks’ licensing agreement
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Offer financial services to customer base, leveraging new business models and creating new revenues streams
What does this use case enable
a company to achieve?
Banks can provide third parties with access to their core systems and functionality, in order to enable non-financial institutions to integrate digital banking and payment services into their own products. For example, third parties can connect to the developer portal in order to use Financial Institution’s back end products such as BPM and KYC.
By partnering with corporates and third party solutions, banks provide access to licensing, regulatory support, and other functionalities that would traditionally be difficult to get access to, and involve time-consuming processes.
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