Banking-as-a-Service (BaaS) has emerged as an innovative factor in the realm of finance. It makes it possible for non-banking enterprises, such as fintech startups, e-commerce platforms, etc., to offer banking services to their customers without establishing a conventional bank. According to projections, the BaaS business model will generate around USD 30 billion in revenue in […]
How to Integrate Financial Statement Analysis Tools into Your Business Operations
A report released by Accounting Today found that cash flow issues contributed to the failure of 82% of small enterprises. However, suppose the businesses could access a better overview of their financial statements. In that case, they might see it coming and could resolve the cash flow issues before they reach a tipping point. Financial […]
Core Banking vs Retail Banking: What’s The Difference?
When a bank representative approaches us to open an account, they usually inform us that their bank provides core banking facilities. Similarly, when we log in for net banking, we’re asked if we’d like to use a retail or corporate login. Even though retail and core banking are critical components of today’s banking system, they […]