Core banking provider Yobota enters Banking-as-a-Service market - NewsBreak

Next-gen core banking provider Yobota has announced its move into the Banking-as-a-Service (BaaS) market through a new partnership with Chetwood Financial. BaaS describes a business model in which licensed banks grant companies access to their modular banking services, generally via application programming interfaces (APIs). This allows businesses to develop their own ?nancial o?erings, such as lending and payment services, on top of the BaaS provider's regulated infrastructure.