3 ms·
No, it differentiates actual banking services from a service sold for companies to build products upon, so likely a set of APIs. There needs to be different nam
by distances 2y ago
No, it differentiates actual banking services from a service sold for companies to build products upon, so likely a set of APIs. There needs to be different naming for these concepts, and BaaS is a good and descriptive name for it.
- downvotetruth 2y agoBaaS is terribly ambiguous; "reseller" & "aggregator" are already used and well known in other industries. VCs with more money than brains just getting schooled trying to be hip.
- namaria 2y agoWhat's wrong with calling baking software "baking software"? The "as-a-service" everything tag is become marketing hype. It is not meaningful analysis. But at this point we can just agree to disagree. I think adding 'as-a-service' to everything and trying to 'disrupt' everything makes us look bad. You may think it looks good. Matter of opinion.
- distances 2y agoFor me "banking software" would imply end user software you use for banking, either as a consumer or as a company. Not something to build upon. > Matter of opinion. Indeed, there's going to be different views on these things so let's leave it there.
- croes 2y agoBanks are regulated and have protection systems for their customers. BaaS provider aren't regulated in the same way. So it's good if they have a different for a service from a different entity.