BAASIS is a software platform with an API layer connecting banks and startups that helps to unify and transfer information from banks to fintech in a standardized manner, functioning of middleware and consists of a standardized suite of APIs that enables an effective flow of information. Fintech ventures and their systems do not need to communicate directly with the core banking. It solves this problem of fintech by providing a common, unified infrastructure layer that will enable its launch in different countries to be simpler and faster.
BAASIS is a pan-Asian platform, meaning that it will connect banks from different countries and allow fintech startups to easily scale from one market to another. So, BAASIS plays a role of ecosystem-builder: connecting banks, startups, regulators from different markets.