Smaller FIs can punch above their weight: The introduction of banking as a service and cloud banking platforms enables smaller banks and financial institutions to compete with larger financial institutions and upstart challenger banks with deeper pockets and stronger technical capabilities.
“We expect this new solution to be a good match for smaller financial institutions that are looking to offer a direct-to-consumer digital bank to grow their customer and deposit base,” said David Albertazzi, senior analyst at Aite Group
Read More.. Source Tear Sheet