Computer Science · Emerging Technologies
What is the emerging technology framework known as 'Banking as a Service (BaaS)' primarily recognized for?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A business model where traditional banks outsource all customer services to third-party vendors.
- 2A financial scheme managed by governments exclusively for digital literacy in rural regions.
- 3A framework allowing non-bank businesses to integrate digital banking services directly into their user products via APIs.✓
- 4An internal, proprietary cloud storage network utilized exclusively by central commercial banks.
Correct answer
A framework allowing non-bank businesses to integrate digital banking services directly into their user products via APIs.
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