Banking-as-a-Service 2.0 Helps Senders Monetize Instant Payments Ecosystems

The concept of banking-as-a-service isn’t going anywhere. Ingo Payments CEO Drew Edwards tells PYMNTS CEO Karen Webster that while BaaS 1.0 presented risks and challenges, the time is ripe for BaaS 2.0 — an evolution which entails a shift away from numerous API-enabling third-party providers toward sender-centric ecosystems that embed digital banking capabilities into their payout workflows.