Headless Banking / BaaS

There are two transformative models currently reshaping how financial services are developed, delivered, and consumed across the globe - headless banking and Banking-as-a-Service (BaaS). Headless banking, where banks separate their front-end and back-end processes to enable greater flexibility and customization in customer interactions, contrasts with BaaS, where banks or licenced institutions offer their banking services to other (usually non-financial) businesses, allowing them to integrate financial services directly into their offerings. And when it comes to the risk decisioning technology that supports both of these models, the challenges and opportunities that headless banking and BaaS provide can help to inform our approach to managing and mitigating risks.