BaaS

Is Türkiye's Financial Sector Ready for Fibabanka's BaaS Revolution?
Trends & Innovation Is Türkiye's Financial Sector Ready for Fibabanka's BaaS Revolution?

The unveiling of Fibabanka’s Banking as a Service (BaaS) platform in Türkiye, in partnership with GetirFinans, has caught widespread attention. This collaboration signifies a major leap in Türkiye’s digital banking landscape. But is Türkiye’s financial sector prepared for this revolutionary shift? F

September 26, 2024
Will the FDIC's New Rule Secure Fintech Partnerships Post-Synapse Collapse?
Trends & Innovation Will the FDIC's New Rule Secure Fintech Partnerships Post-Synapse Collapse?

The collapse of Synapse, a financial technology firm, has sent shockwaves through the fintech world, exposing significant weaknesses in regulatory oversight. In response, the Federal Deposit Insurance Corporation (FDIC) has proposed new rules aimed at better regulating the partnerships between

September 19, 2024
Is Transparency the Key to Success in Core Banking and BaaS Systems?
Trends & Innovation Is Transparency the Key to Success in Core Banking and BaaS Systems?

As the financial services industry evolves towards greater openness, transparency across core banking systems and Banking-as-a-Service (BaaS) platforms becomes increasingly crucial. This trend reflects a broader movement toward openness, whether it be in the realms of open-source software, open

September 6, 2024
Fintech Layoffs and Regulatory Challenges: Unit and Industry Adaptations
Trends & Innovation Fintech Layoffs and Regulatory Challenges: Unit and Industry Adaptations

The fintech industry, known for its rapid growth and innovation, is facing significant challenges in the current economic climate. Recently, Unit, a Banking-as-a-Service (BaaS) startup, made headlines by announcing a 15% reduction in its workforce. This move is part of a broader trend characterized

July 24, 2024
How Will FDIC's Action Shape Thread Bank's FinTech Partnerships?
Trends & Innovation How Will FDIC's Action Shape Thread Bank's FinTech Partnerships?

The FDIC's recent enforcement action against Thread Bank signifies a pivotal moment in the intertwining worlds of traditional banking and FinTech. As regulators ramp up scrutiny on third-party relationships, particularly through Banking-as-a-Service (BaaS) and Loan-as-a-Service (LaaS)

July 24, 2024
UniCredit Acquires Aion Bank and Vodeno to Enhance Tech and Market Reach
Trends & Innovation UniCredit Acquires Aion Bank and Vodeno to Enhance Tech and Market Reach

UniCredit, a prominent Italian bank, has recently made headlines in the financial world with its acquisition of Aion Bank and Banking-as-a-Service (BaaS) provider Vodeno. This strategic move, valued at approximately €370 million, signifies a major step forward for UniCredit as it seeks to s

July 23, 2024
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