WhiteSight

Adaptable Platforms, Strong Alliances: BaaS consolidation in action

Table of Contents

Grab, merge, or unite – 2023 is fast becoming the year of consolidation in the Banking-as-a-Service (BaaS) realm.It’s no surprise, really. The demand for agile and expandable infrastructures is at an all-time high in the fintech sector. And with technology evolving at warp speed, financial institutions are being pushed to think on their feet and embrace change. That’s where BaaS swoops in to save the day – offering a shortcut by providing off-the-shelf, adaptable, and secure platforms that can be swiftly deployed to unlock new revenue streams and customer experiences. Whether it’s about reaching greater heights economically or seizing opportunities to boost one’s market position, the trend of consolidation is undeniably upon us. The first half of 2023 is in full swing, with over ten strategic BaaS acquisitions already in the bag. We uncover the three key aspects shaping the BaaS consolidation wave and reveal the fascinating patterns emerging from this frenzy. 1. Catalysts of the BaaS consolidation movement The BaaS integration movement is being supercharged through strategic power plays as follows: Velocity and versatility: In the race for survival, FIs and tech platforms recognize the need for speed and adaptability to satisfy customers and outpace the competition. By acquiring BaaS […]

This post is only available to members.

Already a subscriber? Log in to Access

Unlock this blog

Gain exclusive access to this blog alone.

Radar Subscription

Select a membership plan that resonates with your
goals and aspirations.

Not Ready to Subscribe?

Experience a taste of our expert research with a complimentary guest account.

We publish new research regularly. Subscribe to stay updated.
No spam. Only the best in class fintech analysis.



    Related Posts
    Saudi-OB-Featured-Image
    Complimentary Research

    Symbiosis in Action: Saudi Arabia’s Open Banking Renaissance In the quest to build vibrant, diversified economies beyond the oil horizon,...

    EmFi-Roundup-Instore-Payments-Featured-Image
    Complimentary Research

    Tap to Pay and SoftPOS: Saving Lunch Breaks in 2023! In a world where our smartphones know our coffee orders...

    EmFi-Roundup-Incar-Payments-Featured-Image
    Complimentary Research

    Car-venient Fintech: Buckle Up for In-Vehicle Payments! Ever binge-watched the futuristic Bond or Star Wars movies, marvelling at those high-tech...

    2023-Roundup-Asset-Tokenisation-Featured
    Complimentary Research

    Snazzy Tokens, Real-world Impact: Welcome to Asset Tokenisation! As 2023 dawned, we saw several buzzwords from the crypto universe do...

    EmFi-Roundup-Payments-Featured-Image
    Complimentary Research

    Payment Platforms’ New Side Hustle Remember when payment pros caught the digital payment craze during the pandemic? Well, as the...

    EmFi-Roundup-SMBs-Featured_Image
    Complimentary Research

    SMB Financing: Cat Bath or Credit Path? For small and midsize businesses (SMBs), trying to get a loan from traditional...

    Select currency
    WS_Logo_-for-White-BG-01.png