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Fintech Today: Are BaaS services steering the future of finance? - Biz Today
Fintech Today: Are BaaS services steering the

future of finance?

Posted on December 26, 2023 UTC

In the ever-changing world of Fintech, a recent analysis of major trends revealed an emerging
pattern poised to shape its future. It discusses the present situation and future trajectory of the

Fintech industry by using data from the renowned Money 20/20 USA conference. One of the key
positive shifts that have been noted and is affecting the future of finance is the emphasis on
Banking-as-a-Service (BaaS), an industry which is projected to record significant growth. Other

developments such as artificial intelligence (AI) and are also driving major changes in the
sector, pointing to a significant shift in the way fintech is evolving.

In essence, BaaS enables other companies, to provide banking and financial services to their
clients without needing to possess a financial services license or build and maintain their own
banking and payment infrastructure. Discussions in the Fintech community lately have brought

attention to the growing emphasis on BaaS providers, and the emergence of regulatory actions
that indicate the industry’s progress. As the regulatory landscape evolves, BaaS providers will
continue to adapt and showcase resilience in the face of change.

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