Institutions as diverse as US-based banking platform Jiko, BBVA, and Australia’s RailsPay have announced plans to offer banking-as-a-service (BaaS) platforms. They were joined in mid-October by HSBC, which announced that it would launch a BaaS offering in partnership with Oracle NetSuite to provide international payments and expense management services.
A recent assessment of the likely development of the BaaS platform market published by Future Market Insights last month suggested that it would be worth in excess of $12.2
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