Oliver Wyman Digital launches Edge

Thursday 20 January 2022 11:22 CET | News

Oliver Wyman Digital has launched Edge, a digital platform with Banking-as-a-Service (BaaS) and Insurance-as-a-Service (IaaS) solutions to help incumbent banks and digital challengers accelerate their digital ventures and improve their customer experience.

Built by Oliver Wyman Digital's in-house team of designers and engineers, Edge is a cloud-native platform that is modular, scalable, and designed around regulatory requirements in Asia Pacific to reduce upfront cost and decrease risk. It includes a future-ready front end, pre-integrated middle and back-end services, and productionised infrastructure. This translates to the ability to increase the distribution of products to multiple partner websites or apps, access to pre-configured financial services products, and flexibility for integrations with multiple third-party providers such as eKYC.

For tech firms and non-banks looking to enter the financial services market, Edge opens opportunities for them to explore alternative business models and new revenue streams. Edge is a complementary product to Oliver Wyman's holistic approach to building new digital ventures, supporting clients from strategy through to design, build, and launch.

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Keywords: product launch, BaaS, challenger bank, digital banking
Categories: Banking & Fintech
Countries: Asia
This article is part of category

Banking & Fintech

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