Written by Jenn Day | Jun 13, 2024 8:21:42 PM
Read the PYMNTS article here.
Here is a brief summary:
- Composable banking uses modular components instead of monolithic systems.
- This approach enables quick adaptation to market changes and seamless integration of new services.
- Benefits include improved operational efficiency, enhanced customer engagement, and support for innovation.
- Varo Bank and MoneyLion are examples of financial institutions successfully implementing composable banking to offer personalized financial products.