| | | | | | Banking-as-a-Service (BaaS) — when banks or fintechs offer up their own services for other companies to use, enabling third parties to provide banking services — is starting to explode as an offering as more providers get on board.
But despite the rush of major providers into the space, no single company is managing to dominate it. They all follow different strategies as they compete along several metrics like breadth and depth of services, reputation, speed to market, and scalability, striving to stand out to clients and drive new business.
Arguably the most attractive aspect of BaaS is that banks can actually benefit from fintechs entering the finance space, as it turns fintechs into customers rather than just competitors. Other benefits from launching a BaaS platform include being able to monetize such platforms, establishing strong relationships with fintechs, getting ahead of the curve in terms of open banking, and accumulating additional data from third parties.
To help you understand the changes taking place in the banking industry, Business Insider Intelligence has put together The Banking-as-a-Service Bundle, which contains both our Banking-as-a-Service and Rise of Banking-as-a-Service reports. |
| | | The Banking-as-a-Service Report Gives an account of the most important aspects of five major BaaS providers — including their histories, vital details, and the BaaS services they offer — and analyzes some key considerations that yield competitive advantages or disadvantages for these providers. |
| | | | | The Rise of Banking-as-a-Service Looks at the benefits banks stand to gain by offering BaaS platforms, discusses key players in the industry that have already successfully launched BaaS platforms, and recommends strategies for financial institutions looking to move into BaaS. |
| | Ordinarily these two reports would cost you $995 but through this email offer, you can claim them both for just $795 – a 20% discount! |
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