With the constant search for more financial independence by different players in the market, Banking as a Service (BaaS) is a great opportunity so companies that operate in any segment can offer financial products on their own digital platforms, without banks or other institutions acting as middlemen in the numerous purchasing and payment processes.
BaaS’ positioning when it comes to “letting the end customer’s experience come first” leads to great success in the customization of services and to a better practicality delivered to customers through their day-to-day financial experiences.
According to Financial Express, 94% of companies that incorporate financial services in their business offerings have witnessed an increment in their revenue since its deployment. Hence why companies are investing more and more in technology and in Embedded Finance within the modern digital architecture. It is also important to point out that, in addition to reaching untapped client segments, BaaS allows operational cost reduction, as well as the creation of new income streams.
Nowadays, a financial infratech, Celcoin offers a comprehensive technology infrastructure through cel_bricks, in which businesses are connected to opportunities within the financial market, stemming from customized resources in accordance with the end clients’ needs. Cel_banking is among the main cells, making it possible for companies to integrate banking services to their businesses, improving the user’s experience and satisfaction through a flexible and scalable platform, quickly and free from bureaucracies.
Within this cell, Banking as a Service acts as one of the protagonists, by offering solutions for individual or shared accounts, with multi-accounts integrated to Open Finance, KYC and native antifraud, as well as payment, processing, and credit operations. The solution is also connected to a portfolio of services such as Pix Cash-in and Pix Cash-out, refills, withdrawals, deposits, and many more. Because of Celcoin’s banking licenses, it is nowadays considered a Payment Institution; thus, there is no reason to worry about regulations, compliance, or infrastructure.
In order to make it even more comprehensive, recently two new functionalities have been added to Celcoin’s BaaS to boost your business:
TED (Available Electronic Transfer)
The TED feature allows users to complete electronic transfers between bank accounts from different financial institutions. With this option, it is possible to send money to other accounts in a quick and safe manner, making commercial and individual transactions easy.
Pix Refund
The Pix Refund feature allows users to cancel a completed transaction through the Pix system and have the amount originally paid refunded back to their account. This offers them more security and flexibility, making it possible to correct errors that may happen or allow refunds of payments made through this system to be carried out.
These resources have been added to the platform in recent times and seek to offer more options and ease within financial operations, providing users a better and more well-rounded experience!Learn more about Celcoin’s Banking as a Service solutions by checking out our cel_banking web page or getting in touch with one of our specialists.