Long gone are the days when banking operations, such as opening a bank account or paying bills, were complicated tasks that took up time and caused shivering. Online banking has made life much easier for both parties: banks and their customers. Nowadays, you don’t need to go to a bank to send money to your family—whether they live in a nearby city or on a different continent. Everything is on your smartphone.
There are a variety of online banking services and mobile apps that allow you to carry out all the necessary operations with minimum time and effort. Currently, every bank must go online otherwise there is a high probability of falling behind the competition and losing customers.
Creating a banking app might seem like quite a challenge, but this is where Banking as a Service (BaaS) may come to the rescue. In this post, you’ll learn about the opportunities provided by BaaS and gain insight into building a banking app, that is, what it takes and how much it can cost.