APP Webinar: "Risky Baas-Ness"
The April installment of the APP Monthly Education Webinar Series
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Event Details
Consumers will have more choices of how to pay. For banks to play, they will need to serve accounts on a platform which integrates with both their own systems and competitors, or customers will move to a bank which allows such access. Interchange will be lessened so issuing banks need to think about how they too can offset the loss through additional product sets and features.
Acquirers will need to rely on per transaction fees rather than a percentage of the transaction.
....And all of this has their own unique risks
David Leppek
SignaPay
Ken Musante
Napa Payments and Consulting
Intended Audience:
- C-suite, Risk Managers
- Product Managers
- Treasury Managers
What will the audience learn?:
1). Set the stage for Attendees: Customers will be able to aggregate banking services, from different banks, FinTechs, or rewards programs. More than ever, this will be a scale business. Consumer data will be valuable and conceivably subsidize the cost of a transaction, similar to how pay-for-order flow, (PFOF) allows brokerage firms to monetize the routing of trades to select market makers.
2) Attendees will be able to speak intelligently about BaaS both within their organization and with clients and prospects. Attendees will understand the types of questions to pose to vendors and a 360-degree view of the solution from a bank’s perspective.
3). Attendees will understand the various risk points and 3rd party oversight required of the people, process, and technology
This webinar will be eligible for one (1) ETA CPP credit.