Gartner Research

Summary Translation: What’s the Difference Between Open Banking and Banking as a Service and Why CIOs Should Care

Published: 08 January 2021

ID: G00743067

Analyst(s): Don Free

Summary

Open banking and banking as a service (BaaS) are often used synonymously, but they’re not the same. As a result, bank CIOs often create technology strategies without fully understanding the differences, leading to misplaced investments and missed business outcomes.

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