PAYMENT SOLUTIONS what products are being purchased , rather than this information just being typically available between a consumer and a card provider .”
New trends in BaaS driving fintech solutions As the BaaS space expands and new innovations provide further solutions for companies , new trends are emerging , too .
Adrian Cannon , CEO of
Omnio , believes BaaS is driving three main trends in the marketplace :
• A reduction of cost . The use of public cloud technology , light touch regulatory structures – such as e-money institutions – and platforms achieving economic scale will cause costs to fall . Fullyregulated banks offering BaaS will need to reconsider their business models and cost base in this environment .
• Liberation of financial services . As the cost base falls , the economics of offering financial services by non-banks becomes more attractive , and we should expect to
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