Decentralized BaaS is the future of banking. Why?
The world has changed; financial streams are becoming increasingly globalized ,and they are no longer easily controlled by common tools and methods. Regulators and central banks attempting to influence the movement of the market are responding to this trend with stricter regulations. Banks respond by trying to take as many services as permitted by their license beyond their confines. Banks are looking to external partners to create innovative services, while focusing internally on their core products and services.
The trend toward digital banking, outsourcing and globalization creates the risk of a bank evolving into something more similar to a telecommunication company.
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