2021 is setting up to make Banking-as-a-service more prominent than before. With its rising significance, banks and fintech are setting up full-scale units to enhance customer experience.
Banking-as-a-service, an end to end approach, facilitates the third party to draw off existing banking services by employing API. Not to confuse with open banking, BaaS is setting up new business benefits.
What are we expected to see in the Banking and Fintech segment?
2020 has been a global shock for the world, but it has also been a reason for digital adoption. With 2/3rd transaction being online and 500+ new fintech created every year, we can say 2021 will focus on the “value creation for the customers”. In 2021 will visualise many new disruptive trends that will shape the future of financial services..
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