Why Most Banks Still Say No to Fintechs — and What Magnetiq Bank Is Doing Differently Fintech companies — electronic money institutions (EMIs), payment institutions, crowdfunding platforms, forex brokerages — are building some of the most sophisticated financial infrastructure in Europe.
Why Most Banks Still Say No to Fintechs — and What Magnetiq Bank Is Doing Differently Fintech companies — electronic money institutions (EMIs), payment institutions, crowdfunding platforms, forex brokerages — are building some of the most sophisticated financial infrastructure in Europe. Yet for years, the answer they heard most often when approaching a traditional bank […]
How Banking-as-a-Service Really Works: Lessons from Magnetiq Bank’s Turnaround Jakub Więcław, Chairman of the Management Board of Magnetiq Bank, has lived through one of the most instructive journeys in European Banking-as-a-Service (BaaS) — from a near €300 million exit at Vodeno/Aion to turning Magnetiq Bank from a loss-making institution into a projected €2 million profit business in under 18 months.
How Banking-as-a-Service Really Works: Lessons from Magnetiq Bank’s Turnaround Jakub Więcław, Chairman of the Management Board of Magnetiq Bank, has lived through one of the most instructive journeys in European Banking-as-a-Service (BaaS) — from a near €300 million exit at Vodeno/Aion to turning Magnetiq Bank from a loss-making institution into a projected €2 million profit […]