NovoPayment

DEMYSTIFYING

BANKING-AS-A-SERVICE

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As the race to financial innovation accelerates, Banking-as-a-Service is carving out an essential role within it.
However, amidst the crowded space of financial technology, one may find it hard to differentiate this sector’s unique benefits and business proposition. Not a bank but not a standard fintech, Banking-as-a-Service falls between the two, utilizing strengths of each to create something new.
This whitepaper will demystify the Banking-as-a-Service industry, diving into the various benefits it offers three key sectors within the digital economy and defining the ways which BaaS enables innovation for all.

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