Why Banking-as-a-Service is a win-win-win (www.bbva.com)

by Christophe Langlois Mar 26, 2020, 10:46 am

Visit Direct Link

Abhishek Gupta, BBVA Open Platform’s CEO, explains in this article the benefits for all those involved in this new Banking-as-a-Service business model.

Innovation beyond banking

“The reality is that innovation in financial technology is relevant to any business that deals with money in some part of its operations. That’s basically every business.”

Technology and processes

“Getting this right, though, requires two fundamental capabilities are in place. Firstly, the right technology to enable it, and secondly, the right process for ensuring we maintain the highest levels of security, risk management and compliance with regulations.”

Banking-as-a-Service Triple Win

“As for the future, we see banking as a service as a win-win-win situation, for customers, our partners and the bank itself.”

Report

What do you think?

1 point

Upvote Downvote

Posted by Christophe Langlois

Based in London for almost a decade, Christophe is an entertaining fintech marketing keynote speaker and a trusted advisor to the global financial services industry on the topics of digital marketing, innovation and B2B social media.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is advising a number of fintech startups on marketing and growth hacking and he is the Chief Marketing Officer of The Fintech Power 50, an exclusive annual programme helping fintech scale-ups to accelerate their growth globally.

Christophe's views on VisibleBanking.com are his own.