How to Make Corporate Banking Seamless and Programmable

What is banking as a service? Banking as a Service (BaaS) is a financial industry concept that refers to the delivery of banking and financial services through a third-party platform or API (Application Programming Interface). Essentially, banking as a service providers allow non-banks, such as fintech companies, startups, and others, to leverage the infrastructure and capabilities of traditional banks to provide various financial services to their own customers without having to hold a full banking license themselves. In the BaaS model, banks make their services, such as account creation, payment processing, loan origination, and compliance, available through APIs that can be integrated with other companies’ systems. The bank’s system communicates with these third-party platforms through APIs and webhooks, enabling seamless integration of banking services. This allows these third-party companies to develop and offer their own financial products and services, such as digital wallets, money transfer apps, investment platforms, etc., without having to develop the entire underlying banking infrastructure from scratch. This integration allows businesses to access banking services directly, enhancing customer experience and brand interaction.

A late post from my end, but we were thrilled to announce the launch of TransBnk - Transaction Banking Platform’s Corporate Internet Banking (CIB) & Corporate Mobile Banking Platform, setting a new benchmark in how banks empower their corporate customers with smarter, faster, and more seamless digital banking experiences. Designed by bankers, for banks, our platform brings together the essential elements of modern banking control, transparency, and speed into one unified ecosystem accessible across web and mobile. Why this matters for banks: ✅ Streamlines complex approval workflows into real-time dashboards ✅ Reduces operational friction and turnaround time for transactions ✅ Enhances client engagement through intuitive, configurable interfaces ✅ Bridges existing core systems with next-gen digital banking journeys ✅ Includes a dedicated portal for bank operations teams to manage customer onboarding seamlessly ✅ Offers complete audit trail capabilities for every transaction and workflow 🌐 The Game Changer: The platform doesn’t just digitize existing processes; it redefines them. With configurable modules, banks can now launch new products, manage limits, and monitor corporate activity on a single, integrated screen, saving time, reducing errors, and delivering a consistent experience across all devices. 📈 A Relatable Example: Imagine a bank relationship manager authorizing multiple client payments, trade transactions, or fund transfers, all from one secure web or mobile dashboard. What earlier took hours now takes minutes, with end-to-end audit trails, risk visibility, and client satisfaction built right in. #TransBnk #Fintech #GFF2025 #TransactionBanking #BankingInnovation #DigitalBanking #CorporateBanking #Fintech #BankingTransformation #CIB #CorporateMobileBanking

🏦 Traditional Banking vs Open Banking Open Banking expanded globally, evolving toward Open Finance, which extends the concept beyond banking to include insurance, investments, and other financial services. Open Banking started officially in the UK in 2018, inspired by PSD2 in the EU (2015) — marking the shift toward more customer-controlled, transparent, and interoperable financial systems. 🔒 Traditional Banking Customers interact directly with each bank (e.g., Bank A, Bank B, Bank C). Each bank holds and controls its own customer data. Information and services are isolated — customers must log in to each bank separately. 🔓 Open Banking Customers use a central API-based consumer application (like a fintech app). The app connects securely to multiple banks (Bank A, B, C) through standardized APIs (Application Programming Interfaces). This allows the customer to view accounts, make payments, and access services from different banks in one place. Data sharing happens securely and with customer consent. Open Banking allows customers to safely share their financial data between banks and third-party apps through APIs. It enables innovation, transparency, and convenience, giving customers more control over their financial information and better service options. #TraditionalBanking #OpenBanking #Difference #NewFormofBanking

Open Banking Is the New Architecture of Global Finance In 2025, open banking has moved from regulatory concept to financial infrastructure. 78+ countries have adopted open banking frameworks, and 470M+ users now rely on data-driven, API-enabled financial services on track to hit 600M by 2027. What does this shift mean for CXOs and CTOs? 1. The Move Toward Open Finance Open banking is expanding into insurance, wealth, pensions, mortgages, and investments. The industry is projected to reach $136B by 2030, 27.6% CAGR. 2. Payments Are Being Re-Engineered Variable Recurring Payments (VRPs) are growing 70% YoY, enabling faster checkouts, lower fees, and 25–30% higher conversions for e-commerce and retail. 3. Smarter Credit & Risk Models With AI + transaction-level data, lenders can underwrite faster, reduce defaults, and serve new customer segments. 4. Wealth Management Becomes Hyper-Personalized Open APIs allow users to merge accounts, track portfolios, and receive real-time guidance, especially valuable for digital-first Gen Z and millennials. 5. Real Financial Inclusion China and emerging markets are using open banking to expand rural lending, improve liability management, and meet ESG imperatives. Challenges: • Data privacy concerns • Fragmented regulations across 95 jurisdictions • Cybersecurity threats • Low public awareness- 60% of adults still don’t understand open banking What’s Next? By 2030, open finance will shift from data-sharing to predictive ecosystems powered by AI, DeFi, embedded banking, and real-time risk modelling. For CXOs, this would mean 1. Innovate faster 2. Build trust at scale 3. Invest in compliant, resilient data systems 4. Leverage predictive analytics to stay competitive The leaders who act now won’t just participate in the future of finance. Follow JMC to read the complete breakdown of open banking’s global impact. #FutureOfFinance #CXOStrategies #JMC

🤖𝐁𝐲 2030, 𝐛𝐚𝐧𝐤𝐬 𝐜𝐨𝐮𝐥𝐝 𝐬𝐚𝐟𝐞𝐠𝐮𝐚𝐫𝐝 𝐲𝐨𝐮𝐫 𝐝𝐚𝐭𝐚 𝐭𝐡𝐞 𝐰𝐚𝐲 𝐭𝐡𝐞𝐲 𝐬𝐚𝐟𝐞𝐠𝐮𝐚𝐫𝐝 𝐲𝐨𝐮𝐫 𝐝𝐞𝐩𝐨𝐬𝐢𝐭𝐬. KPMG’s Future of Digital Banking sketches a system where financial trust migrates from balance sheets to behavioral data. The bank of 2030 will be defined by permission, orchestration, and identity. 🔹 𝐓𝐡𝐞 𝐫𝐢𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐝𝐚𝐭𝐚 𝐛𝐚𝐧𝐤: By 2030, banks may act as data custodians, managing consent across platforms. Consumers could authorize or revoke data access the way they move funds between accounts - treating information as an asset class 🔹 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐬 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞: Traditional walls between banking, shopping, and utility services dissolve into platform ecosystems, where AI and open banking rails deliver “context-relevant finance.” The interface, not the institution, becomes the product 🔹 𝐀𝐈, 𝐢𝐝𝐞𝐧𝐭𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐞𝐦𝐨𝐭𝐢𝐨𝐧: Automation personalises engagement, but trust hinges on empathy and data stewardship. The report suggests that by 2030, consumer loyalty will flow to whoever can balance machine precision with human reassurance. KPMG positions the future bank as a guardian of data-driven autonomy - less a lender, more a life-interface. 📖 KPMG – The Future of Digital Banking (2030 Outlook) https://lnkd.in/gGrHMPBd.

Digital Banking: Redefining Finance and Business in 2025 🚀 The banking world is evolving faster than ever. What once required a visit to a physical branch now happens in seconds — securely, efficiently, and intelligently through your phone or laptop. Digital banking is more than online banking — it’s a full transformation of the financial system. From AI-powered analytics to instant payments and digital loan approvals, the entire customer experience is being reshaped. Here’s what’s shaping digital banking today: • AI-driven agents & automation are streamlining everything from credit scoring to customer service. • Finance roles are being reinvented — less manual reporting, more focus on strategy, data interpretation, and client advisory. • Digital-only banks (neobanks) are expanding globally, offering lower costs and faster services without physical branches. • Cybersecurity and regulation are becoming top priorities as the digital ecosystem grows. • Banking as a Service (BaaS) allows non-bank companies to embed financial tools directly into their platforms. Why it matters: Digital banking isn’t just about convenience — it’s about innovation, inclusion, and scalability. It empowers businesses to go global, customers to access financial tools anywhere, and banks to serve faster with fewer barriers. Challenges ahead: Legacy IT systems, regulatory pressure, and data privacy risks still slow down full transformation. The winners will be those who balance technology with human trust and insight. Question for you: Do you think traditional banks can keep up with this digital pace — or will agile neobanks define the next decade of finance? #DigitalBanking #Finance #AIinBusiness #Fintech #Innovation #BusinessTransformation #FutureOfWork #DigitalEconomy

Banking Industry Gathers in Parliament to Launch Open Banking Blueprint Paul Scully, Chair of Smart Data Group and former Smart Data Minister, said: “This blueprint reflects the sector’s shared ambition – to take the best of what open banking has achieved and build a structure fit for the future.  https://lnkd.in/ewREuqZc David Monty Raj Abrol Clare Ambrosino James Williams Richard Newman #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Smarter Banking Isn’t Just a Trend—It’s a Transformation Cornerstone Advisors’ Smarter Bank Report 2025 lays out a bold vision for the future of financial services. Whether you're a credit union, bank, or fintech, the message is clear: the institutions that thrive will be those that embrace intelligence, agility, and data-driven execution. Here are 5 pillars that define the Smarter Bank/FI—and why they matter to you: 1. Hyper-Efficient Credit unions and banks are under pressure to do more with less. Automation and digital self-service are no longer optional—they’re essential to reduce costs and improve member experience. 2. Data-Driven Fintechs are leading the way in turning data into action. Traditional institutions must break down silos and use real-time insights to personalize services and make faster decisions. 3. Nimble Speed wins. Whether launching new products or adapting to market shifts, financial institutions must operate with a “release mentality” and reduce reliance on legacy systems. 4. Differentiated With two-thirds of small businesses seeking new banking relationships, standing out is critical. Niche strategies, embedded finance, and personalized offerings are key to relevance. 5. Opportunistic M&A, fintech partnerships, and new market entries are reshaping the landscape. The most successful institutions aren’t just reacting—they’re creating opportunities. At MeridianLink, we help financial institutions modernize their operations, unlock data, and deliver seamless digital experiences. Whether you're looking to scale, differentiate, or innovate—we’re here to support your journey. If you're exploring how to become a Smarter Bank, Credit Union, or Fintech Partner, let’s connect. For the full article- https://lnkd.in/grnvHDqr

Transform Digital Banking with Neo Banking Solutions ITIO Innovex assists businesses in launching modern, tech-driven banking platforms that deliver seamless, secure, and scalable digital financial experiences. Our Neo Banking software empowers enterprises, fintechs, and startups to offer next-generation banking combining user-friendly interfaces, automation, and compliance-ready infrastructure under your own brand. What It Is A complete Neo Banking technology stack designed to help financial institutions, payment providers, and businesses offer digital banking services from deposits and cards to payments and analytics — all powered by ITIO Innovex. What We Offer Core Banking & Payment Infrastructure API-driven Digital Account Management Virtual & Physical Card Issuance Automated KYC/AML & Compliance Suite Wallet & Transaction Management Real-time Dashboard & Analytics Tools Benefits Launch a Fully Branded Digital Bank Accelerate Customer Onboarding & Transactions Automate Operations & Reduce Costs Offer Global, 24/7 Banking Access Strengthen Trust with Secure Architecture Empower Your Digital Banking Vision with ITIO Innovex Visit: www.itio.in

💳 Open Banking Is Just Getting Started Open banking is no longer a buzzword — it’s a major shift in how we connect financially. By enabling secure sharing of financial data between banks, fintechs, and third-party providers, open banking is unlocking new opportunities for innovation, efficiency, and personalized services. 🌟 Why It Matters 👥 Consumers benefit from aggregated accounts, smarter budgeting, and seamless payments 💼 Businesses gain richer insights for credit, risk assessment, and tailored financial products 🚀 Fintechs accelerate innovation through data-driven collaboration 🔮 What’s Next ⏱️ Real-time financial services and embedded finance 🤖 AI-driven advisory and automation 🌐 Cross-border financial connectivity and interoperability Open banking represents a fundamental rethinking of trust, transparency, and control over financial data. It’s not just a regulatory requirement — it’s the foundation for a more inclusive, efficient, and connected financial ecosystem. #OpenBanking #Fintech #DigitalFinance #FinancialInnovation #Banking #DataDrivenFinance #FinancialServices #AIinFinance #EmbeddedFinance Follow and Connect: Woongsik Dr. Su, MBA