Banking-as-a-Service also has the power to transform the lives of consumers for the better. A powerful example of this is within the student loan industry. While the first generation of fintechs connected consumers with better student loans, a new wave of companies are helping consumers alleviate the burden of student loan debt.
Uber is tapping the power of Open Banking to provide unbanked drivers with access to a digital account from BBVA within its mobile app in Mexico.
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!
On the surface, it can be difficult to spot companies that rely on banking and payments services to support their customer experience, so we thought we would highlight a few for you. Following are three industries that are being silently revolutionized by access to API-driven banking and payments services.
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.