Banking As A Service Platform. Banking as a service is a platform within an open banking model. A banking as a service platform could also benefit from dynamic network effects, which are effects generated around the platform, driven by the ecosystem.
The only exceptions in the banking sector may be found with visa and mastercard who, as networks, had to develop a platform strategy where issuers, acquirers, startups, various payments service providers and merchants are symbiotically linked. Have thoughts on open banking to share? Let us imagine the following scenario:
Have thoughts on open banking to share?
Here is a list of the top companies and startups involved with banking as a service — either as a pure baas platform provider or a retail bank with baas services. The platform can then be used to deliver custom solutions, services and experiences to customers. Houston is railsbank’s new user interface layer on top of. Platform banking can thus be described as the inverse of banking as a service.