{"id":16553,"date":"2022-06-05T08:30:00","date_gmt":"2022-06-05T12:30:00","guid":{"rendered":"https:\/\/einvestingforbeginners.com\/?p=16553"},"modified":"2024-04-17T10:35:27","modified_gmt":"2024-04-17T14:35:27","slug":"banking-as-a-service-baas-daah","status":"publish","type":"post","link":"https:\/\/einvestingforbeginners.com\/banking-as-a-service-baas-daah\/","title":{"rendered":"What is Banking As A Service (BaaS)? Finally the Future of Banking?"},"content":{"rendered":"\n
Updated 4\/4\/2024<\/em><\/p>\n\n\n\n \n One of the hottest scenes in the market today is fintech, with $266 billion in new investments in the first half of 2021 alone. The rise of fintech, such as PayPal, Square, Affirm, Adyen, Stripe, and many others, is driving many innovations in banking, leading to fantastic valuations and huge gains in the market. \n<\/p>\n\n\n\n \n Banking as a service, or BaaS, is part of this growing trend in finance, much of which was accelerated by the pandemic. The reliance on technology to do our banking accelerated during COVID-19, and that trend continues with more services popping up. \n<\/p>\n\n\n\n The big question remains: How much will fintech disrupt the way we have banked for centuries<\/strong>? Many, including myself, believe those changes are here today, and the reliability and service available from banking from your phone are here to stay. <\/p>\n\n\n\n \n In today’s post, we will learn:\n<\/p>\n\n\n\n Okay, let’s dive in and learn more about banking as a service. <\/p>\n\n\n\n <\/p>\n\n\n\n Banking as a Service (Baas) offers the complete banking services we are used to, such as payments and credit, all through their modern API-driven platforms<\/strong>. \n<\/p>\n\n\n\n \n With the rise in technology and internet capabilities, many businesses are beginning to offer banking services by embedding financial services in their products and services<\/strong> as a means to an end, offering a better experience for their customers. \n<\/p>\n\n\n\n
What is Banking as a Service (Baas)?<\/h2>\n\n\n\n