Banking as a Service
Embed your Bank into your Client's Business
iGTB's BaaS, built using a composable, contextual and hyperscale technology architecture, provides a competitive advantage to banks that are ready to embrace the trend of Consumerisation of Commercial Banking (CoCB).
What’s in it for the Banks?
- Expand the reach of your banking products and services to new markets & customer segments, by entering symbiotic partnerships with FinTechs and taking advantage of their nimble customer facing solutions, their customer base and BaaS infrastructure without having to invest in marketing required to enter these markets
- Innovate and reduce time-to-market for new products & services by leveraging the existing pre-built APIs and infrastructure
- Reduce your operational costs by outsourcing certain functions to your FinTech partners, typically customer acquisition and onboarding costs
- Create new revenue streams by partnering with multiple FinTechs to distribute your products and services and reuse the common BaaS framework
What’s in it for the Clients?
- Provide your customers with a best-in-class Online Banking Experience across devices and browser types
- Improved user experience for the end-customers using user-friendly interfaces and features that make banking more accessible and engaging
- BaaS providers (FinTechs) often offer lower fees and better rates than traditional banks, which can save customers money on transactions, loans, and other financial services
- FinTechs typically implement robust and latest security measures to protect customer data and transactions. This can include multi-factor authentication, encryption, and fraud detection
Intellect Global Transaction Banking (iGTB) launches Banking as a Service (BaaS)
iGTB's BaaS, built using a composable, contextual and hyperscale technology architecture, provides competitive advantage to banks that are ready to embrace the trend of Consumerisation of Commercial Banking (CoCB)
iGTB Whitepaper Banking As A Service
How can a bank gear up to exploit BaaS? Banks - large or small - can have a play in the evolving BaaS space. Learn more about it in the Whitepaper
Trusted by the World’s Best
We are seeing the beginning of a new era of technology transformation in banking, with Consumerization of Commercial Banking leading the market theme for the coming years. To help banks address this rapid pace of growth, iGTB has leveraged design thinking to build commercial banking offerings that comprise products, solutions, platforms and now the new banking-as-a-service offering, which enables three popular Embedded Banking models.
