Banking-as-a-service (BaaS) becomes a hot topic on how banks try to innovate into the digital world. Earlier this year, Standard Chartered Bank (Stanchart), through Nexus, pioneered this method through partnerships with Bukalapak and Sociolla. Nexus was developed by SC Ventures, a Stanchart investment company.

BaaS term is different from open banking or digital bank (neobank) which has commonly known. DailySocial interviewed some industry players regarding their respective differentiation.