Banking as a Services (BaaS)

Banking as a Service (BaaS) is a banking service model that allows fintech companies and other non-bank third parties to leverage the banking infrastructure owned by traditional banks through APIs. With BaaS, fintech and other third parties can offer financial services or banking features such as account opening, transfers, payments, and credit cards to customers via user-friendly APIs directly into your platform.

BaaS has become an increasingly popular trend in the financial industry. By leveraging BaaS, non-financial companies can easily enter the financial services market and provide added value to their customers.

Benefits of Banking as a Service (BaaS)

1. Access to Banking Infrastructure
   Through BaaS, fintech and third-party companies gain access to banking systems, payment services, account management, and other financial services provided by banks. With BaaS, you can focus on developing innovative products and services without worrying about the backend infrastructure.
2. Faster Time-to-Market
   BaaS allows for quick integration with banking systems through APIs, accelerating the time to launch new services in the market without the need to build infrastructure from scratch.
3. Guaranteed Security and Compliance
   Get assured security and compliance with banking regulations. With BaaS, you can ensure that the financial services offered comply with regulations without having to handle regulatory details.

Examples of BaaS Use Cases

1. Fintech Startups:
   Fintech startups can use BaaS to offer banking services such as virtual debit cards or savings account openings without having to become a traditional bank.
2. Online Marketplaces:
   E-commerce platforms or marketplaces can integrate BaaS payment services to facilitate transactions between buyers and sellers more efficiently.

Accelerate your business growth with BaaS.
With Banking as a Service, you can focus on innovation and product development while we handle the banking infrastructure and regulatory compliance. Be part of the digital financial revolution with our BaaS services and offer advanced financial solutions to your customers.

BaaS Savings Account Opening Service

The BaaS Opening Saving Account API is an application programming interface (API) that allows fintech companies, financial apps, and other digital platforms to provide online savings account opening features. This API enables automation and streamlining of the savings account opening process by integrating banking services directly into third-party applications/platforms. This API allows users (prospective bank customers) to open savings accounts online without having to visit a bank branch. Users can fill out application forms, upload documents, and verify their identities directly through third-party applications.

In Practice :

1. A fintech company wants to offer a seamless account opening process within its mobile banking app.
2. An e-commerce platform partners with a bank to offer special savings accounts with cashback benefits for purchases made on the platform.
3. A university wants to provide students with a savings account for managing their finances, including receiving scholarships and payments.

Benefits of BaaS Opening Saving Account:

1. Ease of Access
   The Opening Saving Account API makes it easy for users to open savings accounts anytime and anywhere without having to visit a physical bank, enhancing the accessibility of banking services.
2. Fast and Easy Process
   Account opening can be completed within minutes, with a simple verification process, making it faster and more efficient compared to traditional methods that require numerous documents and manual processes.
3. Enhanced User Experience
   integration of the Opening Saving Account API, third-party applications can offer a seamless and integrated user experience from form filling to identity verification and account opening.
4. Regulatory Compliance
   Saving Account API ensures that all processes meet the applicable regulatory requirements, including KYC (Know Your Customer) and AML (Anti-Money Laundering).

BaaS Opening Saving Account

This API is used to open new savings accounts. This endpoint allows users to submit the necessary data for the savings account registration process, such as personal information, account details, and other supporting data.

BaaS Saving Account Binding & Transaction

This endpoint is used to link or bind users' savings accounts to third-party applications or platforms. This binding process allows users to access account-related information and conduct transactions using the accounts they own (as a source of funds) directly from third-party applications.

BaaS Saving Account Bank Statement

This endpoint allows users to access their savings account statements/history through applications or systems integrated with the API. This endpoint allows users to obtain detailed transaction records for a specific period.

Saving Account Balance Inquiry

This endpoint allows users to check the balance of their savings accounts in real-time through applications or systems integrated with the API. Using this endpoint, users can quickly and accurately access their account balance information.

BaaS Current Account Opening Service

The BaaS Opening Current Account API is an application programming interface (API) that allows fintech companies, financial apps, and other digital platforms to provide current account opening services directly to their users through their applications. With this API, your customers can open new current accounts online, anytime and anywhere, without the need to visit a bank branch. By embedding banking services into a broader digital ecosystem, it enables a smoother and more efficient banking experience for customers.

In Practice :

1. A fintech company wants to streamline its account opening process for new users.
2. An e-commerce platform needs to onboard sellers and provide them with a business current account for transactions.
3. Financial advisors need to open current accounts for their clients as part of comprehensive financial planning.
4. A government agency wants to provide current accounts to beneficiaries of a new financial assistance program.

Benefits of BaaS Opening Current Account:

1. Security
   The API is equipped with high-level security features to ensure that user data is protected during the account opening process.
2. Digital Documentation
   All required documents can be uploaded digitally, making the process more efficient and secure.
3. Easy Integration
   Our API is easy to integrate into various platforms and applications, whether web or mobile.

Endpoint

• Description about BaaS Current Account Opening : (Coming Soon)
• Description about BaaS Current Account Binding dan transfer : (Coming Soon)
• Description about BaaS Current Account Bank Statement : (Coming Soon)
• Description about BaaS Current Account Balance Inquiry : (Coming Soon)

BaaS Mortgage Account Opening Service

The Mortgage API is an Application Programming Interface (API) designed to integrate mortgage application services into various digital platforms, such as fintech applications or property e-commerce sites. This API allows developers and business partners to offer mortgage solutions directly to their users with a fast, secure, and efficient process.

In Practice :

1. A real estate platform integrates the Mortgage API to offer users the ability to compare mortgage rates from various banks in real-time.
2. A financial institution uses the Mortgage API to automate the mortgage pre-approval process.

Benefits of BaaS Mortgage (KPR):

1. Time and Cost Savings
   With the Mortgage API, users can save time and costs typically spent visiting a bank in person. They can obtain mortgage calculation simulations, initial approvals, and submit mortgage applications online, without needing to visit the bank.
2. Faster and More Efficient Application Process
   The Mortgage API enables a faster and more efficient credit application process. Users can complete application forms digitally, upload documents, and track their application status in real-time.

Endpoint

• Description about BaaS Mortgage Onboarding Financing Mortgage:
  This API is used to initiate the process of applying for mortgage loans digitally. Through this endpoint, users can apply for mortgage loans, fill in the required information, and upload supporting documents digitally.
• Description about BaaS Mortgage Management Finance Mortgage:
  This API is used to manage and organize mortgage loan applications. Through this endpoint, users can access various functions related to mortgage management, such as monitoring the status and payments of loans.