API economy
DWC.Ltd "Open Banking and API Economy, is it time to rethink your business model" Midtier bank in danger, they are pushed by TooBigToFail bank and many new challenger banks Big bank should do digital transformation , not digitalising BaaS can help to launch new product with a better way, get feedback from customer is possible now. Bank can cut cost, by using 3rd party product or let them operate Automatic Account Aggregation to get things to a single DB. White label agreement, who should responsible for fraud loss and reputation loss, the bank or the 3rd party. Pay per use; Subscription; share revenue. Atom bank use unity to give better experience. Retailer or similar business who own customer data can easily provide a good banking service by using modern technology and banking api.