Course Duration: 35 minutes
Course Points: 35
Baptiste Forestier, Chief Compliance Officer at LinkCy based in France provides a detailed explanation of the new and emerging concept of Banking-as-a-Service or BaaS. Recent trends have been responsible for a meteoric rise in BaaS and Baptiste covers the advantages of BaaS, and the role and benefits for various players in the BaaS ecosystem. However, the rise of the popularity of BaaS has also led to new money laundering risks. In the second part of the course, Baptiste alerts Fintech and non-Fintech businesses to these money laundering risks via a case study.