Transform Your Bank, Empower Your Customers: Explore Digital Banking as a Service Solutions

Imagine a world where banking no longer feels like a chore, but an empowering force propelling people and businesses forward. Welcome to the revolutionary world of Digital Banking-as-a-Service, where convenience, accessibility, and growth are the cornerstones of a transformed financial landscape.

Digital banking as a Service is not just a buzzword; it's a paradigm shift in how financial services are delivered.

Think of it as a modular toolkit offering various services – payment processing, Customer onboarding(e-kyc), loan management, and more – that banks can seamlessly integrate into their existing platforms.

This plug-and-play approach unlocks a wealth of benefits for bank customers, particularly small and medium-sized enterprises (SMEs) and unbanked individuals, paving the way for a more inclusive and thriving economy.

But how exactly does Digital banking as a Service benefit bank’s customer and contribute to economic growth? Let's explore.

For Unbanked Individuals: Financial Inclusion and Empowerment

• Accessible Banking Services:?(DBaaS) allows banks to?reach previously unbanked populations?by offering?mobile-based solutions?that are?affordable and user-friendly. The World Bank estimates that?over 1.7 billion adults globally remain unbanked. These solutions have the potential to?bridge this gap, fostering?financial inclusion?and empowering individuals to?participate in the economy.
• Increased Financial Security:?Access to?secure and reliable financial services?through Digital Banking as a Service solutions protects individuals from predatory lenders and promotes?responsible financial management. This fosters?financial stability?and?empowers individuals?to build a brighter future.

A?World Bank report?suggests that?financial inclusion can lift 145 million people out of extreme poverty, highlighting the social and economic impact of DBaaS.

For SMEs: A Boost for Growth and Efficiency

• Streamlined Customer Onboarding:?Digital banking as a Service solution like?eKYC (electronic Know Your Customer)?eliminate lengthy paperwork and expedite the account opening process for both businesses and banks. According to a recent study Digital Banking as a Service can?reduce onboarding time by up to 70%, allowing SMEs to?start operating and growing?their businesses sooner.
• Simplified Lending Process:?Advanced?lending management systems?powered by DBaaS streamline the loan application, approval, and management process. This translates to?faster access to capital, allowing SMEs to seize?growth opportunities?and?manage cash flow?more effectively. According to a recent study DBaaS can?reduce loan processing times by up to 50%, empowering SMEs to act on opportunities quickly.
• Enhanced Banking Experience:?Digital Banking as a Service offers a?user-friendly and mobile-first experience, allowing SMEs to manage their finances?anytime, anywhere. This frees them up to focus on what matters most –?running their businesses.?

Juniper Research?estimates that?mobile banking transactions will reach 38.8 billion globally by 2025, highlighting the growing demand for convenient financial tools.

Unlocking the Potential: Digital Banking as a Service and Economic Growth

By empowering businesses and individuals, DBaaS plays a crucial role in stimulating economic growth. Increased access to financial services leads to higher investment, increased consumption, and ultimately, a more vibrant and equitable economy.

The future of banking is inclusive, convenient, and empowering.

Meet Ascertain: Your Trusted Digital Banking as a Service Provider

We understand the transformative potential of BaaS and the challenges you face as a financial institution. That's why Ascertain Technologies is more than just a BaaS provider; we're passionate advocates for financial empowerment.

With over 15 years of industry expertise, we cater to the unique needs of businesses of all sizes across 12+ countries. Our proven fintech solutions empower institutions to modernize, innovate, and thrive.

We offer customizable, low-code Digital Banking as a Service solutions designed to help you unlock the full potential of DBaaS. We have the tools and domain expertise to help you achieve your goals. Join the DBaaS Revolution, Build a Brighter Future

So, are you ready to join the DBaaS revolution and empower individuals, communities, and economies to thrive?

Let's connect and explore how we can collaborate to make a real difference. Remember, with the right DBaaS partner, anything is possible.

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