Technological innovations are rapidly and drastically changing the financial services industry. FinTech startups are attracting customers in droves while smaller banks that have a hard time looking digitally savvy in the eyes of tech-enabled customers risk being left behind.
But what if there were a middle road that combines the regulations, infrastructure, and security of the traditional banking industry with the modern thinking of the FinTech startups? There is. It’s the budding Banking as a Service (BaaS) sector.
