The Journey from Open Banking to BaaS: Ensuring a Robust Quality Assurance Strategy
This white paper will discuss the often-ignored concepts of testing through the migration from a traditional banking system, into a banking-as-a-service model, the adoption of open standards, and maintaining regulatory compliance, all while providing a good user experience throughout the process.
The era of banking-as-a-service is here. The transformation started years ago, mandated by both government decree and market forces, and is now the default method for creating any new apps built around payments, account management and portfolio architecture.
In recent years there have been many transformations within banking that have focused on Customer360, the omnichannel experience, AML/Fraud predictions, AI digital assistants to drive operational efficiency and core banking modernizations to name but a few. Yet most of them have stayed true to their core business alignment of banks controlling how their customers engage and leverage their product offerings.
This white paper covers:
• The adoption of open standards.
• The maintenance of regulatory compliance in banking.
• The provision of an excellent user experience.
• How banking will become much more entwined in the lives of its end users.
• Added value propositions for end users.
Download your free copy below.