Minimum advantages of a Kikkin BaaS solution (bank as a service)

Kikkin Banking as a service is a way of reconciliation, loyalty, and understanding the consumer profile, in addition to integrating services that cannot be provided without the help of technology, expanding customer possibilities, and facilitating financial relationships between parties. This can lead to valuable insights for companies to change their strategic planning and market positioning.

Some of the benefits that lead to this are:

Provide personalized service

Are you interested in offering your customers a credit card with an edge? Or do you think digital accounts with good transaction features will encourage purchases? Regardless of your intentions, with banking as a service, you can offer services that may be combined with customer profiles. This was brought up for interest.

Attracting customers and keeping them close

Making exclusive and personalized financial services available is a lure to be caught. When this happens, the relationship between the company and the customer goes to another level of priority and trust. With good conditions and, especially, with a good relationship, customers will continue to choose your services and nurture beneficial proximity for both sides.

Improve customer financial experience

Thus, banking as a service not only provides advantages between companies and customers, but also simplifies the financial life of consumers overall. Your business can be part of this positive shift, making it easier to send money, manage money and more. This is a way to add value to your brand.

Reduce costs and open up new revenue streams

Of course, sticking to this approach also means saving costs: for companies, they don’t have to build their own teams, and for customers, they can enjoy financial services that are cheaper than traditional financial services. APIs reduce costs for account holders by eliminating the need to invest in development, infrastructure, and staff.

Flexibility

BaaS offers more flexibility for your company to develop a business model that fits your needs. In other words, you set up the flow of your company according to your demands and are not locked into a massive structure.

Process automation

Automating operational processes in the financial area of a company, replacing the well-known "file exchange" with APIs, results in volume gain, scalability, and reduction of labor costs. Again, BaaS helps maximize the structural capacity of a company.

Security

With Kikkin's Bank-as-a-Service, your business becomes more credible in the financial market. As the entire security structure is guaranteed by another institution regulated by the Central Bank of Brazil that has experience in the sector, this gives a good impression to your customers and partners.

As a result, Kikkin's banking as a service can also prove to be a good source of income, as it helps to increase your income: either through the proper use of the service itself or through new opportunities offered.

Daniel Witecy Goldfinger

CEO

Kikkin Group

What is Kikkin's Bank as a Service?

Banking as a Service (BaaS) refers to a business model in which a company provides banking services to other companies or organizations rather than directly to consumers. This can include a range of services such as B. payment processing, account management, fraud detection, etc.

BaaS allows companies to outsource certain financial tasks, which is less costly and more efficient than managing them in-house. It also gives companies access to advanced technology and expertise that they may not have in-house.

BaaS is widely used by fintech companies and other businesses looking to provide financial services to their customers. This could be an attractive option for companies that want to enter the financial services market but do not want to go through the process of obtaining a traditional banking license.

The digitization of financial services has expanded opportunities for consumers and businesses. By using Banking as a Service (BaaS), not only customers but also the company itself can benefit from it. Find out why and learn more about this practice that can become part of your business.

Gone are the days when financial services were directly associated with the word "bureaucracy." A good example is a fintech, which makes payments and transactions, and even borrows money. As clients, our scope is expanded: we choose the services that best suit our needs.

But it's not just individuals who benefit from it. It is the sector that provides financial services and finds promising places to do business and prosper.

Through application programming interfaces, companies can offer financial services tailored specifically to their customer profiles. The most classic resources include creating digital accounts, offering credit and debit cards, and making payments and transfers. All of this without the bureaucratic regulatory processes that businesses and customers typically go through at traditional financial institutions.

APIs are the primary tool for enabling banking-as-a-service practices in any company interested in integrating these services. This is because they facilitate communication between developers responsible for financial services and companies that will provide financial services to customers.

In other words, your company can run banking as a service, for example by having a fintech company take care of the financial part of the service. But it is the API that integrates the two parts and allows customers to use the functionality of the tool. In this way, your company entrusts these services to a professional partner without having to build up this expertise and without requiring your own banking license.

Any company can operate as a fintech company, offering more benefits to its customers or even its employees.

For businesses, hiring Kikkin Banking-as-a-Service isn't just about access to technology, it's about gaining more freedom, flexibility, agility, and economics to bring big ideas to life.

In this way, solutions can be conceived that can quickly connect to the needs and cutting-edge services required by Open Finance.

Daniel W. Goldfinger

CEO

Kikkin Group