Hydrogen and FinConecta, leading technology infrastructure players, joined forces today to offer an end-to-end solution to create new digital businesses for financial institutions worldwide.
Mike Kane (Co-Founder & CEO of Hydrogen) and Jorge Ruiz (Founder & CEO of FinConecta) signed a strategic partnership to offer Banking-as-a-Service “as-a-service.”
BaaS as-a-Service is an innovative pay-per-use turnkey solution that allows financial institutions to leverage BaaS business models, by instantly empowering them to offer their core capabilities to leading companies interested in entering the fintech market.
With one single connection, and at a fraction of traditional development costs, financial institutions may easily turn into banking foundation providers, and benefit from expanded revenue potential.
“We believe our companies’ ethos are extremely aligned, we can definitely accelerate the digital journey of financial institutions, which is greatly needed at this time,” FinConecta’s Jorge Ruiz said.
“We share the vision of a worldwide ecosystem for better, simpler, fairer, more transparent, and more affordable financial products. We are incomparably prepared to do so together,” followed Hydrogen’s Mike Kane.
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