Banking-as-a-Service

Banking-as-a-Service (BaaS) is a model that allows third-party companies to offer banking services without needing to become a bank themselves. Essentially, it provides access to banking functionalities—like payments, accounts, and loans—through APIs (Application Programming Interfaces). This enables businesses, such as fintech startups, to integrate financial services into their apps or platforms seamlessly. By leveraging BaaS, companies can enhance customer experiences and create innovative financial products while banks can reach more customers and generate revenue through partnerships. This collaborative approach is reshaping how banking services are delivered in today’s digital economy.