uncleflo
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Banking-as-a-Service - what you need to know
Saved by uncleflo on December 28th, 2017.
This article aims at providing an overview, setting FinTech services into a commercial and technical context. During the 2010s, many financial services emerged which can be grouped as "Fintech". However it is regulations as the European Payment Services Directive, which promise to open the gateways for rapid growth through a legally enforced deregulation, as they break up the formerly monolithic services and turn them into distributed and decentralized Cloud-based value chains, where Banking is provided online as-a-service. An evolution like the Telecommunication sector during the 1990s and 2000s is likely to follow, with a fragmented, more dynamic, more competitive and more value-adding financial market.
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