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A seven year old idea comes of age: Bank-as-a-Service

A seven year old idea comes of age: Bank-as-a-Service

In 2009, I coined the word BaaS.  No, nothing to do with sheep!  Instead, BaaS stands for Banking-as-a-Service.  In 2016, everyone is talking about this:

I’m not saying I was ahead of my time, but seven years is a long time in the life of a dog.

Anywho, the reason for blogging about this today is that my friends in Singapore, Vladislav Solodkiy and Igor Pesin who run the FinTech VC firm Life.SREDA, have just released a new report called … you guessed it … Bank-as-a-Service.  They kindly reference where the idea came from and point to banks opportunities to grow business by releasing more of their capabilities as APIs, as software, as apps, as widgets … as anything that can plug-and-play into anything else.

Fintech