BaaS

Banks' Readiness for Open Banking Recognizing Importance, Facing Unpreparedness Many banks concede the critical nature of open banking to their longevity, with 74% of global banks and a marginally lesser 66% of those in the US affirming its necessity for future success. However, accepting the

HSBC has announced its decision to withdraw its 5.4% stake in Monese, a London-based fintech firm renowned for its mobile-only banking services, sparking a wave of discussions in both the financial and fintech sectors. This move raises critical questions about HSBC’s strategic direction and the p

M2P Fintech's recent achievement, securing $102 million in Series D funding led by Helios Investment Partners, marks a significant milestone for the company and the world of financial technology. This impressive influx of capital pushes the company's valuation to over $783 million,

Banking-as-a-Service (BaaS) has surged in popularity within the fintech landscape, allowing non-banking businesses to offer financial products by leveraging infrastructure from licensed financial institutions. However, the current regulatory environment in the U.S. poses significant challenges,

The journey of Banking-as-a-Service (BaaS) spans over three decades, tracing back to a time when banking was largely an in-house affair, with financial institutions tightly gripping the reins of their services and infrastructure. From the clunky, monolithic banking systems that operated in silos,

In an impressive demonstration of agility and innovation, SEB Embedded successfully leveraged Thought Machine's cloud-native core banking platform, Vault Core, to launch the Hemköp Matkonto service in less than ten months. This rapid development is particularly noteworthy given the