Banking-as-a-Service takes a center stage in the transformation of financial services, offering a fresh approach to deliver better products to consumers.
BaaS seamlessly merges the resources of regulated banks with fintech providers, resulting in an improved and accessible banking experience for customers. However, traditional banks face significant hurdles in fulfilling the promises of BaaS. Outdated legacy systems and slow processes hinder their ability to swiftly adapt to market changes and meet customer demands. In contrast, fintech companies, with their modern technology and agile practices, are designed to quickly develop and modify their offerings to cater to their clients’ needs.
Learn how LOQUAT Inc. can help you with your transformation: https://loquatinc.io/about/