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Will Banking as a Service Become Mainstream?
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BANKING
Credit Suisse in the News
We couldn’t help ourselves…
Credit Suisse has been in the news recently but not for reasons anyone wants to be in the news for.
Fears of the bank’s precarious situation tanked their bonds but it’s unlikely Credit Suisse will follow in Lehman’s footsteps.
BANKING
Gartner Forecasts Banking-as-a-Service Becomes Mainstream in 2 Years
Gartner predicts a portion of banks with more than $1B in assets will launch new Banking-as-a-Service (BaaS) services to generate new revenue streams within the next two years.
As digital banking begins to garner more focus from financial institutions.
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BANKING
HSBC Considers Leaving Canada
The British banking giant, HSBC, is considering whether to sell off its Canadian operations and focus more on Asian and European markets, which are more profitable for the bank.
While it’s not a done deal yet, considering current market conditions aren’t the greatest.