The white paper discusses the transition from open banking to Banking-as-a-Service (BaaS), highlighting the evolution of financial services driven by APIs and data sharing. It emphasizes the challenges of integrating legacy systems and maintaining regulatory compliance while offering enhanced user experiences through open banking and open finance. The paper outlines how API-driven ecosystems enable businesses to create personalized financial services, expanding the role of banks beyond traditional products. Quality engineering is crucial in this transition, with a focus on API testing, security, and performance to ensure seamless integrations and data integrity.

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