Techies, venture capitalists and forward thinking bankers gathered in the Big Apple to talk about everything from future unicorns to the future of money at CB Insights’ annual Future of Fintech conference. The Open Platform team shares highlights from the event!
As the number of individuals earning their livelihood from gig employment increases, the financial needs of these individuals and the companies that employ them are changing too. This is where Banking-as-a-Service solutions, that enable businesses to embed payments and banking services directly into their applications, become invaluable.
As an industry, we’ve invented an impressive repertoire of words to talk about what banks are doing with APIs. We decided it’s time to clarify what we really mean when we say Banking-as-a-Service and how this relates to open banking.