TECH BUYER May 2022 - IDC Perspective - Doc # AP47795521

IDC Perspective: Westpac Takes the Lead as Banking-As-A-Service Comes to Asia/Pacific

By:

Michael Araneta
Table of Contents

Executive Snapshot

Figure: Executive Snapshot: Banking-As-A-Service Arrives in Asia/Pacific Banking

Situation Overview

BaaS Goes Beyond Open Banking

Mindset Shifts

The Elements of BaaS

Figure: The Critical Elements of BaaS

Licenses

Services

Partners

Exchange of Value with Partners

Business Models

Partner Onboarding and Partner API Use

Technology Platform

API Management Platform

Westpac: First on BaaS

Why Westpac Has a High Chance to Succeed

Advice for the Technology Buyer

Learn More

Related Research

Synopsis

Content


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