iGTB: Moves into banking-as-a-service space
- iGTB the transaction banking and technology specialist from Intellect Design Arena Limited
- Announces the launch of Banking-as-a-Service (BaaS) for their global clients
- Traditional commercial banks in the recent past have been facing increasing competition from various quarters such as neo banks
- The ability of banks to embed financial products & services directly within their clients’ ecosystem as they serve their customers
- In the US alone, the transaction value offered via BaaS/embedded finance is expected to grow nearly three folds
- BaaS offering comprises three products in alignment with popular Embedded Banking models
