This workshop provides a deep understanding of Banking as a Service (BaaS), its ecosystem, operational mechanics, benefits, and challenges. Participants will explore real-world BaaS examples and learn about key players, including banks, FinTechs, and TPPs.
The workshop also covers crucial aspects of data security and compliance. Attendees will gain insights into future trends such as Open Banking and Embedded Finance
Participants will be able to:
1. Define BaaS and its significance in the modern financial landscape.
2. Understand the BaaS ecosystem and its key players.
3. Explain the technical architecture and operational processes of BaaS.
4. Analyze the benefits and challenges of BaaS for various stakeholders.
5. Identify emerging trends and future prospects of BaaS.
Module 1: Introduction to BaaS
• What is BaaS?
• History and Evolution of BaaS
• Key Concepts and Terminology
• Real-world Examples of BaaS
Module 2: BaaS Ecosystem
• Key Players in the BaaS Ecosystem:
o Banks and Financial Institutions
o FinTech Companies
o Third-Party Providers (TPPs)
o Consumers and Businesses
• Collaboration and Partnerships within the Ecosystem
Module 3: How BaaS Works
• Overview of BaaS Business Architecture/High level Technical Architecture
• APIs, Process flow, and Integration
• Data Security and Compliance
Module 4: Benefits of BaaS
• For Banks and Financial Institutions
• For FinTech Companies
• For Consumers and Businesses
• How BaaS fosters financial inclusion.
Module 5: Challenges and Risks of BaaS
• Cybersecurity and Data Privacy Concerns
• Regulatory Compliance and Legal Issues
• Operational and Integration Complexity
• Competition, Managing Partnerships, and Market Dynamics
Module 6: Future Trends in BaaS
• Emerging Technologies: AI, Blockchain, Cloud Computing in BaaS.
• Open Banking and Open Finance Framework (PSD2, etc)
• Cross-Industry Partnerships and Embedded Finance
• Fast forward 5-10 years, Growth and Predictions
Module 7: Case Study and Use Cases
• Analysis of Successful BaaS Implementation
• BaaS Use Cases
Professionals in the financial services and technology sectors who want to learn about BaaS