Tag: banking-as-a-service

Finastra, an esteemed international supplier of financial software applications and marketplaces, has partnered with BKN301 Group, a FinTech firm dedicated to dismantling financial barriers.

Banking-as-a-service (BaaS) and embedded finance have become two of the biggest buzzwords/solutions. However, there seems to be a confusion about how they differ from one another.

NatWest Group has entered a strategic partnership with the Vodeno Group to create a new banking-as-a-service (BaaS) business in the UK.

Nigeria-based Maplerad has reportedly raised $6m for its seed round, as it establishes a global banking-as-a-service platform aimed at Africa.

 One in five FinTechs are losing $11m each year in product delays due to banking-as-a-service (BaaS) providers, a report from ClearBank claims.

The total banking-as-a-service (BaaS) platform revenue will exceed $38bn by 2027, rising from $11bn in 2022, according to a report from Juniper Research.

Open banking platform Temenos will supply its services to North International Bank (NIBank) to enable digital services for its retail banking and private wealth operations.

Unit hits $1.2bn valuation, which it claims makes it the first banking-as-a-service platform to reach unicorn status.

Societe Generale has purchased French banking-as-a-service platform Treezor as part of its ‘transform to grow’ strategy.