BaaS Platform – PayLater Module
Background
One of the leading financial institutions headquartered in UK is launching its “Banking as a Service” platform. Through this platform, the bank is able offer to digital platforms and ecosystems like e-commerce, retail shops, ride-hailing companies the technical capabilities to offers financial services like wallet account, loans, credit cards and savings accounts etc. The bank reached out to OpenFactor via the Apache Software Community.
Summary
Clients’ Benefits
· The bank was able to launched a completely new “BuyNow PayLater” service on the BaaS platform · OpenFactor engagement fast tracked the go-live process · The bank was able to innovate in the most cost effective manner by the adoption of Apache Fineract. · Our client BaaS is the fast growing and most profitable in the South East Asia Market. · Our client was able to increase. Its business agility by working with OpenFactor based on our level of domain expertise in financial systems.