Banking-as-a-Service: The New API Stack for Banks
summary
Claims BBVA Open Platform provides production banking‑as‑a‑service APIs that let companies do white‑label account creation, card issuance and real‑time ACH, KYC/identity checks, ACH/wires and integration with Visa/Mastercard networks. Platform separates external developer‑friendly APIs from internal microservices and an integration layer; a private‑jet marketplace client uses it to book and settle payments. Challenges are legacy core systems, business KYC paperwork, fraud/risk in real time and regulatory onboarding; merchant acquiring is not yet delivered.
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chapters (10)
- 0:00Introduction
- 1:39Is Banking AWS
- 2:11What is BankingasaService
- 4:26How does BankingasaService change things
- 6:06Who is BankingasaService for
- 9:21Two sets of APIs
- 10:40Developer as customer
- 11:19Challenges
- 14:39Where are we now
- 17:40Questions
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