Tietoevry API Banking: Creating a Shared Infrastructure with Banking as a Service

Tietoevry Banking as a service (BaaS) offering allows non-bank organizations to utilize the established banking infrastructure, such as core banking systems, regulatory licenses, compliance frameworks, and payment systems, without the need to create their own banking infrastructure from the ground up.

Additional revenue streams

By leveraging BaaS, banks can unlock new revenue streams through partnerships with fintech companies, expanding their service offerings and tapping into previously untapped markets.

Broader service scope

Extend service scope by collaborating with external fintech partners. This collaboration allows banks to provide new innovative financial products and services.

Higher internal efficiency

By leveraging existing banking infrastructure and regulatory frameworks, banks can reduce the need to build everything from scratch, resulting in cost savings and streamlined processes.