Banking-as-a-Service stories

Atlas Consolidated raised USD $18.1 million to boost growth of HugoHub, its fintech platform cutting banking tech costs by up to 90% for global banks.

Viva Technology ranks Top 100 Rising European Startups for 2025, spotlighting 15 AI firms among emerging innovators across 22 sectors and 13 countries.

Ping Identity has honoured the winners of the 2024 Identity Excellence Awards in Asia Pacific, celebrating outstanding leaders in the identity sector.

Griffin, a UK bank for fintech firms, exits early access phase with its platform now generally available, aiming to transform finance integration.

Payments solutions provider Equals Money unveils its Banking-as-a-Service offering at Money2020 Amsterdam, empowering businesses to launch digital payment services swiftly using its robust infrastructure.

Paymentology and Audax join forces to deliver an innovative Cards-as-a-Service solution, simplifying and speeding up card programme launches for banks and FIs in Southeast Asia and the Middle East.

Temenos achieves record-breaking performance with its Banking Cloud on Microsoft Azure and MongoDB Atlas infrastructure.

Changes have already begun and are gaining momentum, indicating a rapid evolution of BaaS and BaaS-powered business models.

Some 30% of banks with greater than $1bn in assets will launch BaaS for new revenue by the end of 2024, but half will not meet revenue expectations.

The shift from legacy banking processes to Banking as a Service is well underway, with established banks at risk of being left behind without adoption.

Commvault has expanded its distribution agreement with Ingram Micro to offer its data services in Australia and New Zealand.

Commvault expands its Metallic BaaS portfolio with new data protection solutions, features and enterprise workload support.

VMware Blockchain's enterprise-grade platform allows businesses to build networks and deploy decentralized applications efficiently and securely.

Companies are leveraging digital technologies in the supply chain to create new disruptive product offerings, services and business models.

IBM has been recognised as the top industrial Blockchain-as-a-Service provider, leading in innovation and implementation, according to ABI Research.

This year blockchain is starting to find its feet as innovators find the use-cases that suit the specific areas in which it can provide value.

Blockchain's reality lags hype, with 89% of CIOs in early stages or not planning deployments, Gartner reports.

90% of enterprise blockchain platforms will need replacing by 2021 to stay competitive, according to Gartner. Fragmented market causing confusion for buyers.

Blockchain technology has the potential to inject growth into New Zealand's economy, according to BlockchainNZ's executive director.

Blockchain technology spending in Asia/Pacific excluding Japan is set to surge 83.9% in 2019 to USD $523.8 million, says IDC’s latest report.