… “every company will become a fintech company.” That’s because the banking-as-a-service model has officially taken off and is helping companies across all industries offer their customers a variety of banking options.
[The Hive Platform is] a Financial-Services-as-a-Platform (FsaP) tool. Hive allows businesses to choose from a range of seven financial services offerings- including banking and treasury application services; payment processing and cross border transactions; debit, prepaid, and credit issuing services; identity, risk, and fraud management services, business intelligence and analytics, customer communication tools, and mobile technology- and enables them to easily integrate their own branded tools into their existing business via an API.
The Hive Platform also solves one of the biggest hurdles for companies delivering financial services- regulations. That is because it is already designed to be deployed in any geography with any regulatory framework.
Offering businesses financial services is a good move because it allows companies to focus on their core competency while providing access to valuable financial services…