ITIO Innovex: Neo Banking Solutions for Modern Banking Platforms

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

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

💡 Open banking is accelerating digital transformation for financial institutions of all sizes. In an American Banker BankThink column, Susan Foulds outlines how open banking creates new opportunities for regional banks and credit unions to compete in a more open, API-driven ecosystem. 🔗 https://lnkd.in/ePc9aeAE Key points: ✳️ Real-time data access will raise expectations for seamless, highly personalized digital experiences. ✳️ Open APIs and fintech partnerships can help smaller institutions modernize without large in-house builds. ✳️ Agility — not scale — becomes a primary advantage as legacy systems give way to flexible digital architecture. Open banking 🏦 isn’t just a compliance milestone; it’s a strategic opportunity to deepen engagement and expand value for customers and members. #OpenBanking #DigitalBanking #CreditUnions #CommunityBanks #Fintech #KeynovaGroup

💡 Why Digital Corporate Banking Must Become Seamless, API-Driven, and Payment-Native The next evolution in corporate banking isn’t about going digital it’s about becoming programmable. API-driven. Real-time. Embedded directly into how businesses move money, manage liquidity, and make decisions. If your corporate banking still relies on portals, manual uploads, and batch wires… You’re not operating digitally — you’re operating with delay. 🔗 1. APIs as the new banking backbone APIs shouldn’t be a wrapper around legacy systems they are the system. Every core service, accounts, payments, FX, compliance, must be modular, accessible, and composable. This unlocks: Automated payables, receivables, and liquidity flows Real-time cash visibility across global accounts Seamless integration with ERP, treasury, or DeFi tools APIs are how finance teams stop managing banks — and start orchestrating money. ⚡ 2. Payment-native architecture Corporate payments should move at the speed of business. Instant, cross-border, multi-currency with embedded FX, smart routing, and transparent tracking. Real-time payments are no longer innovation they’re infrastructure. 🧠 3. Intelligence and compliance built in Modern digital banking must combine automation with intelligence: Machine-learning insights on liquidity and risk Embedded KYC/AML checks and approval rules Dynamic limits, controls, and audit trails Compliance should be invisible — yet always active. 🌍 4. Composable, connected, global The future of corporate finance is ecosystem banking: Plug-and-play services across banks, fintechs, and tokenized payment rails. Each module replaceable. Each connection standardized. Each transaction seamless. 🔸 At Realis Finance.Finance, we believe digital corporate banking should work like code — clean, intelligent, and borderless. When banking becomes API-driven, companies unlock true financial agility — real-time control, transparency, and growth at scale. Explore how we’re building the next generation of digital corporate banking: 👉 https://lnkd.in/edKuh9nh #DigitalBanking #Fintech #CorporateBanking #APIs #EmbeddedFinance #Payments #Treasury #RealisFinance #FutureOfFinance

💭 Open Banking: From Regulation to Real Value When Open Banking first arrived, many saw it as just another compliance hurdle. But today, it’s becoming one of the biggest enablers of innovation in banking. The real story? It’s not just about sharing data, it’s about unlocking new value for both banks and customers. Here’s what we are seeing at Yapily: ✨ 1. Customer-first experiences Banks can finally deliver truly personalised insights, smarter financial tools, and frictionless onboarding, all thanks to secure, consent-driven data. 💡 2. New business models From API monetisation to embedded finance partnerships, Open Banking is turning data into a growth engine rather than a cost center. ⚙️ 3. Efficiency through connectivity APIs are cutting out manual work, simplifying compliance, and letting banks innovate faster than ever before. 🌐 4. Competing by collaborating The strongest banks aren’t building in isolation, they’re becoming platforms, partnering with fintechs, and co-creating value across ecosystems. 📊 5. Data-driven intelligence A 360° customer view means sharper insights, smarter decisions, and better product design. What started as regulation is now reshaping how banks think, build, and grow. Open Banking isn’t a threat to traditional banking, it’s the opportunity to reinvent it. #OpenBanking #Fintech #Innovation #DigitalTransformation #BankingStrategy

💡 Is Digital Banking the Same as Online Banking? They may sound alike, but there’s a big difference. This article breaks down how digital banking goes beyond online transactions to reshape the entire customer experience. #DigitalBanking #FinTech #BankingInnovation #CustomerExperience https://lnkd.in/gqcrbeJM

We are thrilled to announce another major milestone in New Zealand open banking innovation — ASB Bank is now live with Centrapay! 🚀 This exciting development means ASB customers can now securely connect their chosen bank accounts to Payap (www.payap.com), the fast growing payments and loyalty app powered by Centrapay 📱 With Payap, ASB customers can now enjoy fast, safe, and smart spending at a growing network of participating retailers with added benefits like multi-account payments, real-time balance checking, zero surcharge and seamless rewards earning and burning 🔥 “Low-cost digital solutions like Payap are a big win for businesses, consumers and local banks looking ahead to what’s next as plastic EFTPOS rapidly winds down” said Centrapay CEO, Greg Beehre “Open banking is about putting people in control of their data and their money — and ASB’s support enables us to show what’s possible when innovation meets trust.” The launch marks another step forward in New Zealand’s quickly evolving open banking landscape, unlocking new possibilities and paving the way for a more connected digital economy ➡️ Centrapay’s open banking ecosystem continues to expand, connecting more banks, merchants consumers, fintechs and retail platforms — making money movement more human, one scan at a time. https://www.payap.com/

Payap is now live for ASB customers using open banking! 🔥 Very cool to see open banking value added services expand for New Zealanders. A special thanks to Jason Murray and the team at ASB who helped us get this in place. With this go-live, ASB customers can now securely connect their bank accounts to Payap www.payap.com As an added bonus, in our next release - any ASB customer will be able to pay from the ASB Mobile app by scanning the Centrapay QR code on a growing range of EFTPOS, POS, webstores and apps. More to come!