Digital transformation is a priority for almost every bank, and today it’s impossible to imagine a world without digital banking. The most popular benefit is the convenience it gives to manage finances at any time and place with just internet connection and a mobile device or PC. No doubt one…

Traditionally a closed-off and predominantly vertical sector, banking is undergoing a major transformation, part of which includes opening up and granting access to data, functionality, and customers to external parties. Many banks are heading towards a more open way of operations. We start to see the term Banking-as-a-Service (BaaS) more often. Banking-as-a-service (BaaS) is an end-to-end process where financial services capabilities can be accessed and executed by third parties without having to organically build them. Think of SaaS (Software-as-a-Service), a more common term to our ears, which is a business model that implies the provision of a full technological solution for…

With the amount of digitization and innovation initiatives, banks and other conventional financial service providers have had to react. These initiatives employ cutting-edge technology to ensure an after-the-fact and transparent network basis for a customer-centric viewpoint rather than the conventional emphasis on goods, real-time intelligent data integration rather than sluggish…

2020 has been a great learning experience for all of us: we mastered remote working, online meetings, and virtual parties. For the finance and payments industry, it has opened the opportunity to move towards cashless, cleaner payments. Contactless payments turned out to be easily adopted even by older generations, reaching…

We talked about White Label services and their benefits for financial businesses, or for businesses that would like to expand their product line with FinTech products. White Label platform provides products or services that can be sold under another company’s brand. Therefore, the product or service will appear to your customers as your own, while, in fact, it is provided by a White Label platform behind the scenes. …

Crassula has partnered with Salv to provide transaction monitoring and financial crime prevention solutions. With the integration of Salv’s high-end analytical tools, Crassula Core Banking clients will be able to mitigate money laundering, terrorism financing, and sanctions breaches. Salv, the Estonian RegTech startup founded by some of the best analytical and technological forces behind Skype and Transferwise, has created a dynamic cutting-edge AML solution that helps to oversee highlight and manage financial crime. Today, Salv solution partners with Crassula, a Latvian-Estonian platform that helps businesses to build Core…

What if we tell you that you do not need to be an expert in every aspect of your business to run it successfully? You should focus on what you do best, and do everything to become the best in that. In order for you to be able to do that, there are white label solutions that will fill in the gaps in your business. What is a White Label solution? White Label solution is a platform that provides products or services that can be sold under another company’s brand. Therefore, the product or service will appear to your customers as your own, while, in fact, it is provided by a White Label platform behind the scenes.

The evolution of a relationship between technology and financial institutions has changed people’s approach to how they handle money. New tech startups are now offering services that before were only served by banks and other financial institutions. Such companies are called by the term FinTech. FinTech, or financial technology, is the use of technology applied in the financial sector, e.g. payments, investments, lending, insurance, and essentially any service or product a financial sector covers.

Developments in technology and FinTech industry have been often challenging traditional banks in the past years. The digitalization of financial services led to the appearance of online banking. However, even more recent developments of blockchain technology and steady adoption of cryptocurrency have now created solutions for emerging demands: crypto banks. What is a crypto bank? …