“ TNEX is a fully open API ’ ed platform . Over the last few weeks , we have been progressing discussions with partners about allowing them to leverage our capabilities and to further develop their business models . The conversations on our B2B product-set , Banking as a Service , Ecosystem as a Service , Payments As A Service and Data Science are really getting exciting .”
For now , as a trailblazer , Carroll doesn ’ t see any rivals emerging soon .
“ I really don ’ t see competitors biting at our heels just now . We are the first to do it . At this time , the vast majority of traditional banks don ’ t want my
customers as they cannot profitably serve their needs with their current technology debt and traditional operating models .
“ Most traditional banks are at the early stages of digital transformation . It is an expensive and complex process , so I think we have about two years headstart on the competition .”
109 fintechmagazine . com