Episode 23: Will banking as a service trump core banking?

February 13, 2024 Rachel Williamson Breaking Banks Asia Pacific 0:32:22 Comments Off on Episode 23: Will banking as a service trump core banking?

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Banks replacing their core banking has been likened to ‘doing brain surgery with a spoon’ and there are plenty of public examples where the surgery partly or completely failed.Is Banking As A Service a new pathway for banks struggling with aging core banking platforms?

We speak with Sachin Sharma, chief product and commercial officer at audax, the BAAS spinoff from Standard Chartered Ventures, on why the bank spun out a BAAS service, why he thinks banks should consider it, and the benefits BAAS offers for banks looking to reach a new customer base via embedded finance.

Produced by Rachel Williamson and Charis Palmer, with sound engineering by Kevin Hirshorn. Music credits to Raz Burg and BalloonPlanet. 

About the Author
Rachel is a science and business journalist from New Zealand, writing and podcasting about technology, banking and climate change. As a foreign correspondent, her career has spanned the Middle East, South Asia and the Horn of Africa. Rachel has interviewed Silicon Valley entrepreneurs, politicians and Egyptian revolutionaries, Middle Eastern billionaires, Australian business leaders and former Philippines President Gloria Macapagal Arroyo. She is the Host of Breaking Banks Asia and Co-founder of Soundcraft Media.
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