Banking-as-a-Service (BaaS)
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A model that allows third-party providers to offer banking services through APIs, enhancing service delivery but increasing security risks.
News published about Banking-as-a-Service (BaaS)
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Kaspersky Shares Top 5 Trends in the Financial Sector
IT News Africa - Nov 06, 2025
BFSI organizations spend an average of $1.2 million annually on cybersecurity, which is significantly lower than the average cost of a major security incident at $3.2 million. Open Banking APIs present both opportunities for innovation and potential entry points for cyber threats.
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