BBVA launches first BaaS platform in the U.S.
(World News Science)

The move will see the bank offer a large range of banking products and services to businesses who want to offer their customers financial products without taking on full banking themselves. BBVA`s Open Platform initiative enables third parties to easily integrate payments and complementary banking services into their own business models to create seamless user experiences. Open Platform works by allowing third parties, once they pass strict compliance and security checks, to access through APIs (Application Protocol Interfaces) a range of services the bank can offer. BBVA`s Banking as a Service solution uniquely allows companies to connect into a core digital banking platform, through which...