Open Banking is in many ways the convergence of three technological trends: Open API, Open Data, and Open Source. With these capabilities, smaller banks suddenly have potential reach they didn’t previously have, and are aggressively pursuing a concept known as Banking-as-a-Service (BaaS). With BaaS, banks can reach customers far beyond their traditional branch network and direct digital channels. With more than 5,000 community banks in the U.S., BaaS could provide them a future other than being acquired by a larger player.
During this round table discussion that was attended by representatives from Bank Mobile, Fifth Third Bank, CTBC Bank, Alta Bank and more, we discussed ways you can prepare your organizations to go down this path.
Complete the form to download the summary of the conversation held on this topic during our the round table.
“One of the most important strengths of Technisys is the adaptability of the platform. We wanted to customize a lot of things. The technology and the integration in a pretty fast time frame were very important.”
“With Cyberbank we were able to launch a comprehensive digital experience for every touchpoint. With a focus on mobile, we’ve created a unique user experience while playing in an ecosystem without the need of writing code from scratch, saving precious time and money.”