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Today’s banking system is on a path of radical transformation. Significant changes include: changing business models and customer preferences, emergence of non-bank startups with disruptive technologies, and compliance pressure. Thinking progressively, some incumbents’ banks moved from a sole-provider model for financial solutions to emerge as marketplace of financial tools for customers to customize their own financial solutions. To come up with such a Banking as a Service (BaaS), or platform model, a tailor-made digital strategy is required to be successful.
At Persistent, with our extensive product engineering expertise and large banking customer base, we understand the challenges and developed frameworks — driven solutions to orchestrate the digital roadmap leading to BaaS.
Download this whitepaper as we explore multiple nuances of BaaS with some market research data and explain the Persistent frameworks for the BaaS roadmap. |
