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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Banking-as-a-Service (BaaS) Empowers Any Brand to Offer Financial Services 8 hours ago Embedded finance opens new opportunities, but secure data exchange is essential Digital banking is not new – major banks began to offer internet banking services in the mid-1990s. However, the traditional banking industry is facing significant pressure from rapidly shifting consumer expectations, changing regulations and increasing competition from digital-native disruptors. Younger Gen Z customers are more apt to use alternative transaction methods such as mobile wallets or P2P payments (e.g., PayPal or the Dutch payment app ....