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Ep469: The big BaaS opportunity – the next steps forward for banks and financial services
Description
Brian McKenney, Chief Innovation Officer, HSBC; Angus Ross, Chief Growth & Revenue Officer BaaS, Finastra
Research canvassing the opinions of 1,600 senior industry executives reveals the true extent of the appetite for BaaS (Banking as a Service), with almost 85% of respondents already implementing or planning to implement BaaS over the next 12-18 months. More than 80% of regulated financial services providers expect the overall BaaS market to grow. BaaS is said to represent a $7 trillion opportunity. Robin Amlôt of IBS Intelligence speaks to Brian McKenney, Chief Innovation Officer, HSBC (pictured) and Angus Ross, Chief Growth & Revenue Officer, BaaS, Finastra. And you can read more about Finastra’s analysis of the BaaS opportunity in Banking as a Service Outlook 2022 | Paving the way for Embedded finance.