Banking as a Service

World FinTech Report 2019: The Industry is Transitioning from Open Banking to “Open X”

Retrieved on: 
Tuesday, June 4, 2019
Technology, Data management, Internet, Networks, Software, Other Technology, Security, Mobile, Wireless, Professional services, Banking, Consulting, Finance, Other Professional Services, Economy, Finance, Money, Financial markets, Financial technology, Open Banking Nigeria, Banking as a Service, Technology, Data management, Internet, Networks, Software, Other Technology, Security, Mobile, Wireless, Professional services, Banking, Consulting, Finance, Other Professional Services, Economy, Finance, Money, Financial markets, Financial technology, Open Banking Nigeria, Banking as a Service

As a result, industry players are looking to leapfrog beyond Open Banking towards Open X, which is a more effective, structured form of collaboration, facilitated by Application Program Interface (API)1 standardization and shared insights from customer data.

Key Points: 
  • As a result, industry players are looking to leapfrog beyond Open Banking towards Open X, which is a more effective, structured form of collaboration, facilitated by Application Program Interface (API)1 standardization and shared insights from customer data.
  • APIs, which allow third parties to access bank systems and data in a controlled environment, will be catalysts to creating the Open X marketplace.
  • Only 26% of bank executives and 43% of FinTech leaders said they had identified the right Open Banking collaboration partner.
  • Questions sought to yield perspectives from both FinTech and traditional financial services firms exploring the emergence of Open Banking in the financial services industry.

BaaS Provider ComportSecure Gives Advice on Choosing the Right Provider

Retrieved on: 
Wednesday, May 8, 2019
As a service, Computing, Digital technology, Economy, Banking as a Service, Human rights, Cryptography, Computer network security, Mobile backend as a service, Medical privacy, Baas, Internet privacy

There's no substitute for quality; without the right Backup as a Service (BaaS) provider, risks could include everything from interrupted access to security breaches.

Key Points: 
  • There's no substitute for quality; without the right Backup as a Service (BaaS) provider, risks could include everything from interrupted access to security breaches.
  • These providers can rest assured, knowing that their BaaS solutions will be carefully tailored to fit the demands of their industry.
  • With data breaches continuing to take over headlines, security and privacy are chief concerns for enterprises looking to integrate BaaS solutions.
  • With the right BaaS provider, a seamless transition is well within reach.

Data Gumbo Secures $6M in Series A Funding from Venture Arms of Leading International Oil & Gas Companies

Retrieved on: 
Tuesday, May 7, 2019
Energy, Oil, Gas, Technology, Data management, Venture capital, Software, Professional services, Economy, Articles, Computing, Dhahran, Blockchain, Cryptocurrencies, Encodings, Saudi Aramco, Gumbo, Banking as a Service

This Series A round brings Data Gumbos total funding to $9.3 million.

Key Points: 
  • This Series A round brings Data Gumbos total funding to $9.3 million.
  • The partnership with Equinor and Saudi Aramco, and their associated supply chains and partnerships, will provide the momentum for the Data Gumbo BaaS network to gain critical mass.
  • Bruce built Data Gumbo after identifying a multi-million dollar cost-saving opportunity to eliminate a sizeable inefficiency between an oil supermajor and one of its suppliers.
  • Data Gumbo is the Blockchain-as-a-Service (BaaS) company creating a massively interconnected blockchain network for industrial companies, including oil and gas.

BaaS Providers, Comport, Discusses 6 Cloud Backup Solution Benefits for SMB's

Retrieved on: 
Monday, April 15, 2019
Cloud computing, As a service, Digital technology, Computing, Cloud infrastructure, Cloud applications, Software industry, Banking as a Service, Baas, Mobile backend as a service

Backup as a Service (BaaS) solutions provide SMBs with protection from the consequences of natural disasters, fires and floods and even ransomware attacks.

Key Points: 
  • Backup as a Service (BaaS) solutions provide SMBs with protection from the consequences of natural disasters, fires and floods and even ransomware attacks.
  • BaaS benefits SMBs in a variety of ways, including:
    Cost effective solutions: BaaS solutions are fully scalable and allow you to pay for only what you need, instead of a flat rate for service.
  • With BaaS in place, a skilled team and perfected solution is always on hand.
  • ComportSecure Backup as a Service Provider has established a cutting edge cloud-based solution for cloud managed services.

Bitpanda Receives Payment Service Provider License (PSD2)

Retrieved on: 
Thursday, April 4, 2019
Economy, Money, Finance, Payment service provider, Banking as a Service

The Austrian financial market authority has granted Bitpanda Payments GmbH, the payment service provider license (PSD2) in accordance with European law after less than 5 months.

Key Points: 
  • The Austrian financial market authority has granted Bitpanda Payments GmbH, the payment service provider license (PSD2) in accordance with European law after less than 5 months.
  • The payment service provider license will allow us to tear barriers down,'' says Philipp Bohrn, one of the two managing directors of Bitpanda Payments GmbH.
  • Prior to joining Bitpanda, Philipp Bohrn was the managing director of the Association of Financial Service Providers in Austria's chamber of commerce for 9 years.
  • "We are very happy that Bitpanda is one of the few European cryptocurrency fintechs to receive such a license.

BaaS Provider, Comport, Provides Six Reasons Why the Rise of IoT is Driving BaaS Adoption

Retrieved on: 
Thursday, February 28, 2019
Digital technology, Computing, As a service, Information and communications technology, Cloud infrastructure, Ambient intelligence, Internet of things, Cloud computing, Banking as a Service, Mobile backend as a service

The following are a few of the most important reasons BaaS has seen a CAGR of around 27% for the period between 2018 and 2022.

Key Points: 
  • The following are a few of the most important reasons BaaS has seen a CAGR of around 27% for the period between 2018 and 2022.
  • Need for anytime access - The need for real time connectivity will increase as the IoT is widely accepted into the commercial space.
  • Easily scalable - Backup in the cloud can be easily scaled to meet the growing level of data coming from additional devices.
  • BaaS Providers such as Comport can help you create a strategic data retention plan that includes IoT devices."

Global Backend-as-a-Service (BaaS) Industry

Retrieved on: 
Monday, February 11, 2019
Computing, Cloud infrastructure, Baas, Mobile backend as a service, Economy, Banking as a Service, Cloud computing, Back end, Software

Table 13: European Recent Past, Current & Future Analysis for Cloud Based Backend- as-a-Service (BaaS) by Region/Country - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2015 through 2024 (includes corresponding Graph/Chart)

Key Points: 
  • Table 13: European Recent Past, Current & Future Analysis for Cloud Based Backend- as-a-Service (BaaS) by Region/Country - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2015 through 2024 (includes corresponding Graph/Chart)
    Table 14: European 10-Year Perspective for Cloud Based Backend-as-a-Service (BaaS) by Region/Country - Percentage Breakdown of Annual Revenues for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2015, 2018 and 2024 (includes corresponding Graph/Chart)
    Table 15: Asia-Pacific Recent Past, Current & Future Analysis for Cloud Based Backend- as-a-Service (BaaS) by Region/Country - Australia, China, India, South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2015 through 2024 (includes corresponding Graph/Chart)
    Table 16: Asia-Pacific 10-Year Perspective for Cloud Based Backend-as-a-Service (BaaS) by Region/Country - Percentage Breakdown of Annual Revenues for Australia, China, India, South Korea, and Rest of Asia-Pacific Markets for Years 2015, 2018 and 2024 (includes corresponding Graph/Chart)
    Table 18: Latin American 10-Year Perspective for Cloud Based Backend-as-a-Service (BaaS) by Region/Country - Percentage Breakdown of Annual Revenues for Brazil and Rest of Latin America Markets for Years 2015, 2018 and 2024 (includes corresponding Graph/Chart)
    Table 19: Rest of World Recent Past, Current & Future Analysis for Cloud Based Backend-as-a-Service (BaaS) Annual Revenue Figures in US$ Million for Years 2015 through 2
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Business Backup Solutions, Comport, Shares Crucial Reasons BaaS Is Critical for Data Center Security

Retrieved on: 
Monday, February 4, 2019
Computing, Digital technology, Security engineering, Cloud storage, Data management, Backup, Data security, Banking as a Service, Data center, Computer security

RAMSEY, N.J., Feb. 4, 2019 /PRNewswire/ -- Comport, an industry leader in business backup solutions , recently held a discussion about the top reasons that BaaS is critical for the security of data centers.

Key Points: 
  • RAMSEY, N.J., Feb. 4, 2019 /PRNewswire/ -- Comport, an industry leader in business backup solutions , recently held a discussion about the top reasons that BaaS is critical for the security of data centers.
  • With more sophisticated infrastructures creating more opportunities for security breaches, traditional backup may no longer be a viable solution.
  • Here are just a few of the reasons that BaaS is critical for data center security.
  • Corrupted data - BaaS solutions combined with DRaaS are much more effective at bringing back data in a holistic way.

Disaster Recovery Provider, Comport, Discusses Three Types of DRaaS

Retrieved on: 
Thursday, January 24, 2019
Cloud computing, Computing, Digital technology, As a service, Business continuity, Cloud applications, Software industry, Disaster recovery, IT risk management, Banking as a Service, Mobile backend as a service, Backup

RAMSEY, N.J., Jan. 24, 2019 /PRNewswire/ -- Comport, a leading disaster recovery provider , recently held discussions to bring clarity to the differences between and advantages of the three major types of DRaaS assisted DRaaS, managed DRaaS, and managed BaaS & DRaaS.

Key Points: 
  • RAMSEY, N.J., Jan. 24, 2019 /PRNewswire/ -- Comport, a leading disaster recovery provider , recently held discussions to bring clarity to the differences between and advantages of the three major types of DRaaS assisted DRaaS, managed DRaaS, and managed BaaS & DRaaS.
  • Assisted DRaaS For those looking to get some help with their disaster recovery services but not looking to outsource management of their environment, this services is the best.
  • Managed DRaaS This type of service is for companies that are looking for help with ensuring that they have the right disaster recovery services without taking on the heavy burden of managing this on their own.
  • Managed BaaS & DRaaS - Managed BaaS coupled with DRaaS ensure that your backups are being completed and you are fully protected during an outage.

Beeswax Secures $15 Million in Series B Following 2018's record 150% year-over-year revenue growth

Retrieved on: 
Tuesday, January 22, 2019
Cloud computing, World Wide Web, Digital technology, Online advertising, Cloud infrastructure, Baas, DoubleClick, Banking as a Service, Mobile backend as a service, Google, Bidder

Beeswax's Bidder-as-a-Service (BaaS) platform, experiencing 150% year-over-year revenue growth, empowers their customers with a cloud-based programmatic buying system that can be customized and integrated to match their unique business needs.

Key Points: 
  • Beeswax's Bidder-as-a-Service (BaaS) platform, experiencing 150% year-over-year revenue growth, empowers their customers with a cloud-based programmatic buying system that can be customized and integrated to match their unique business needs.
  • "Beeswax's mainline proposition as a Bidder-as-a-Service, in addition to stellar leadership, puts them in an incredibly attractive light.
  • Founded by a team of former Google and DoubleClick advertising leaders, Beeswax is pioneering the industry's first Bidder-as-a-Service ("BaaS").
  • We believe that using an RTB bidder should be as easy as using any part of the marketing cloud.