The Evolution and Future of Banking as a Service
Jason Mikula of Fintech Business Weekly discusses how banking-as-a-service (BaaS) can unlock new business opportunities and add value — and why BaaS has the potential to transform financial services.
FEATURING: Jason Mikula, Fintech Advisor, Consultant, Speaker and publisher of Fintech Business Weekly
The banking industry is undergoing a transformation as changing customer expectations and disruption from nontraditional financial players force banks to rethink their value propositions.
One growing business model is banking as a service — a partnership in which banks and credit unions leverage their charters to enable nonbanking institutions to offer financial services directly to their customers. According to recent studies, BaaS is expected to reach $7 trillion in value by 2030.
This episode of the Banking Transformed podcast features Jason Mikula, a fintech advisor and publisher of Fintech Business Weekly. We discuss how banks can unlock new business opportunities and why BaaS has the potential to transform financial services.
Episode Sponsor
IBM delivers technology and industry expertise to the global financial services industry through its infrastructure offering, software portfolio and consulting services. As a trusted partner to banks, insurers, asset managers and other financial institutions around the world, IBM enables modernization and digital transformation of the world’s mission-critical businesses. IBM is a leading provider of enterprise AI and hybrid cloud architecture to banks and insurers and leads a robust ecosystem of fintech partners serving financial institutions. For more information, visit IBM Financial Services.
