Pavitra Pradip Walvekar Redefines Financial Innovation with Banking as a Service
In India's ever-changing financial world, a major shift is happening as Banking as a Service (BaaS) becomes the new focus, moving away from traditional banking methods. We’re seeing more neobanks and innovative, customer-focused banking products emerging, marking the start of a new era in finance.
The pandemic has sped up this digital transformation, changing how people interact with financial services around the globe. BaaS is driving this change by allowing companies outside of traditional banks to access banking services through APIs (Application Programming Interfaces). This new model is not just changing financial products and services but also altering the roles of traditional banking players.
Let’s explore how BaaS is transforming the industry with Pavitra Walvekar, the Pune-based promoter-director of Kudos Finance and Investments Private Limited.