What powers the brands and financial services we love to use? Commerce infrastructure, of course.
The more consumers adopt digital products and demand fast, delightful experiences from their brands, the more this space grows. Commerce Conversations is a podcast from Commerce Ventures, where we dive into the most interesting emerging themes across retail tech and FinTech. Tune in for research deep dives, industry conversations, and intimate CEO interviews from our team.
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What powers the brands and financial services we love to use? Commerce infrastructure, of course.
The more consumers adopt digital products and demand fast, delightful experiences from their brands, the more this space grows. Commerce Conversations is a podcast from Commerce Ventures, where we dive into the most interesting emerging themes across retail tech and FinTech. Tune in for research deep dives, industry conversations, and intimate CEO interviews from our team.
BaaS, the Four Letter Word, with Dan Rosen and Ysbrant Marcelis
Commerce Conversations
33 minutes 42 seconds
1 year ago
BaaS, the Four Letter Word, with Dan Rosen and Ysbrant Marcelis
This episode delves into the concept of Banking as a Service (BaaS), focusing on its initial exposure and evolution amidst the rise of FinTech platforms. It highlights a journey beginning around 2019, where FinTechs increasingly used BaaS to offer more products without direct banking partnerships. The discussion covers the complexities of implementing BaaS, including the challenges of scalability and the role of humans in the service delivery, suggesting that while BaaS initially seemed promising for transforming service delivery through software, the reality has been more nuanced with significant reliance on customized solutions. The dialogue also touches on the strategic shifts of banks to incorporate technology and compete with BaaS providers by enhancing direct relationships with FinTechs, thereby potentially sidelining BaaS intermediaries. This reflects a broader skepticism about the scalability of BaaS companies and their potential for significant growth or IPOs, despite the initial excitement around the concept.
Commerce Conversations
What powers the brands and financial services we love to use? Commerce infrastructure, of course.
The more consumers adopt digital products and demand fast, delightful experiences from their brands, the more this space grows. Commerce Conversations is a podcast from Commerce Ventures, where we dive into the most interesting emerging themes across retail tech and FinTech. Tune in for research deep dives, industry conversations, and intimate CEO interviews from our team.
