Finfra Enables Danabijak to Ride the Fintech-as-a-Service Wave

Continuous innovation opens up new opportunities to offer more efficient solutions. This condition is the case with the fintech industry, which is now starting to introduce new technologies fintech-as-a-service (FaaS), and explored by startups Danabijak through the presence of Finfra since May 2022.

As an illustration, quoting from Tech Funnels, this provider of FaaS technology is solely responsible for the development, maintenance, updating of the platform, compliance with security requirements and more. Meanwhile, users (other service providers) simply embed these fintech features into their platforms via the API. They pay a monthly subscription fee for the API without investing in infrastructure.

"APIs allow many computer programs to interact with each other. It is a type of interface software that provides services (FaaS) to other software applications (i.e., platforms that embed fintech/embedding fintech),” wrote Tech Funnel.