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Foregoing Banking-as-a-Service: Case study concludes Current’s core banking technology provides a key edge in the market

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New research from Datos Insights reveals how building vs. buying a core platform has unlocked a competitive advantage for the fintech

NEW YORK, March 20, 2025 /PRNewswire/ — Current, a leading consumer fintech banking platform transforming financial access for everyday Americans, announced the publication of a new case study from Datos Insights, an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations, which concluded Current’s strategic decision to build its own core banking technology has created a sustainable, competitive advantage in the market.

Datos Insights concluded Current’s decision to build its core banking technology has created a competitive advantage.

The study, titled “Foregoing BaaS: How Owning the Core Fuels Current’s Success”, identifies and details how Current’s proprietary cloud-native core banking platform enables the fintech to develop innovative products faster than competitors, maintain lower operating costs, deliver superior member experiences, and provide an unmatched ability to efficiently scale as well as a faster path to profitability.

“Getting a fintech company to market is faster when you rely on financial infrastructure partners, but it becomes much harder to scale or differentiate that way,” said Trevor Marshall, CTO and Co-Founder, Current. “To achieve scalable growth in this industry, focusing on your own technology is critical. By doing so, we not only gain operational and financial efficiencies but, more importantly, deliver greater value to our members. With full control over our tech stack, we can design products that seamlessly work together, ensuring the best possible experience for our members, who are at the heart of everything we do.”

Key insights from the study include:

Core Technology Will Become an Investment Priority: The success of Current’s approach could drive increased investment in proprietary core banking technologies across the industryOwning Financial Infrastructure Creates a Technology Moat: As successful companies like Current demonstrate the advantages of owned infrastructure, the gap between market leaders and followers is likely to expandReal-Time Processing is a Differentiator: Current’s platform enables instant updates across all accounts and products, contrasting with traditional batch processing systemsAdvanced Data Architecture and AI-Powered Decisioning Are Critical for Managing Risk: Initiatives like the implementation of ISO 20022 for card processing allow for richer data exchange and more sophisticated risk modeling than legacy systems. Integration with Google Vertex AI enables instant, accurate predictions for risk management and fraud prevention

The study also highlights Current’s Build Card, developed in collaboration with Cross River Bank, as an example of how real-time data processing and a compliant, technologically innovative approach to the bank-fintech relationship model, enables responsible products that truly expand consumer access. The card’s dynamic credit limit updates instantly as transactions occur across multiple accounts, allowing full access to deposited funds while maintaining security—a feature impossible with traditional banking infrastructure.

“The proprietary core banking technology that Current has built and its capabilities really stand out in the market,” said David Shipper, Strategic Advisor at Datos Insights. “Their experience demonstrates that while building a proprietary core platform requires significant upfront investment, it can deliver compelling long-term advantages in cost structure, innovation capacity, and member experience. We could see a stratification in the market, with companies that own their technology stacks enjoying sustained competitive advantages.”

About Current

Current is a leading consumer fintech banking platform transforming financial access for everyday Americans. We’re focused on building integrated solutions to solve needs that stand between Americans and their financial goals, making it easier for everyone to build the future they deserve. To learn more about us, visit http://www.current.com or download our app on the App Store or Google Play.

Current is backed by investments from Andreessen Horowitz, Tiger Global Management, Avenir, Wellington Management, General Catalyst, Cross River, Foundation Capital and QED Investors.

About Datos Insights

Datos Insights is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts.

Media Contact:
Erin Bruehl
VP of Communications, Current
media@current.com

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Recast Revolutionises Digital Monetisation with RecastPay, a Universal Media Wallet

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A frictionless, digital wallet enabling media owners to sell any media direct-to-consumer at any price—without subscriptions

EDINBURGH, Scotland, April 3, 2025 /PRNewswire/ — Today, Recast is redefining the way consumers access digital media through the launch of RecastPay – a universal wallet that empowers media owners to sell any digital item – videos, podcasts, articles, AI tools and beyond – directly to any consumer at any price, from £0.01 to £100 per transaction. 

With the introduction of Recast’s API, RecastPay can be integrated into any platform, enabling media owners to offer consumers seamless, flexible access to any digital item directly from their platforms, offering a subscription-free alternative that complements existing monetisation strategies.

Recast’s Affiliate & Content Syndication engine empowers media owners to amplify their reach and revenue by incentivising affiliates, brands, and consumers to promote their content. What sets Recast apart is its unique affiliate engine, which allows anyone—from fans and influencers to celebrities—to promote destinations or specific products, while permitted third parties can act as sellers. Both the promoters and sellers earn an instant share of each referred transaction. In today’s crowded direct-to-consumer market, this model enables media owners to expand marketing and distribution at no cost, all while retaining full control over their inventory and revenue streams.

“This marks a turning point for the media industry,” said Andy Meikle, Founder & CEO of Recast. “Consumers are demanding flexibility, and the traditional ‘all-or-nothing’ subscription model is failing. RecastPay empowers media owners to adapt — unlocking new revenue streams across all formats, from video and articles to AI tools and interactive experiences — with a solution that meets audiences where they are: ready to engage, and ready to pay on their own terms.”

Since 2018, Recast has led the charge in micropayment technology, helping sports and entertainment rights holders unlock new revenue from video content. The problem was clear: rising subscriptions were locking out fans, and traditional paywalls weren’t working, but this challenge extends beyond sports. Across all media, a small fraction of users convert via subscriptions—39% of people in the UK will cancel a subscription this year. With subscriptions and ad models under pressure, media owners need a smarter way to monetise content. RecastPay provides a solution, enabling media owners to capitalise on the booming micropayment economy, which Statista predicts will reach £323 billion by 2028.

“The demand for flexible content access is accelerating,” Meikle added. “Media owners using Recast’s media monetisation solution have seen an average 15.2% conversion-to-cash rate—proving that consumers are willing to pay when given the choice. RecastPay extends this success across all media types, enabling businesses to maximise reach, revenue, and audience engagement.”

With RecastPay, media owners can monetise fan consumption at any price point, from microtransactions to high-value purchases,creating new revenue opportunities without relying on rigid paywalls or ad saturation.

The significance of RecastPay’s growth potential for media owners has already been recognised with a recent shortlisting for Technology Company of the Year at the British Business Awards 2025 amongst global multinationals like Dell and Hewlett Packard. This recognition further demonstrates Recast’s innovative technology and scalable business model.

Recast Highlights and Features:

Monetise Any Digital Asset – Whether it’s articles, sports streams, premium videos, AI-powered tools, or educational content, RecastPay enables instant revenue generation from £0.01 to £100 per transaction. Earnings are instantly distributed (net of tax and fees) to relevant stakeholders based on predefined rules on each inventory item, ensuring fair, transparent and immediate revenue sharing with partners and collaborators.Increase Conversions & Engagement – Attract younger, digital-native audiences with a low-friction, pay-as-you-go model designed to drive engagement and retention.Affiliate & Syndication Engine – Anyone – fans, influencers, celebrities etc – can promote a destination or specific product and earn an instant share of each referred transaction. Permitted third parties can act as sellers on behalf of others, also earning instantly per transaction.Engineered For Data & Marketing Insights – Brands can fund users’ wallets to offer discounted access to content in exchange for solicited actions, such as data sharing or opting into marketing. This creates new opportunities for audience engagement and monetisation while strengthening relationships between brands, creators, and consumers.

As Recast continues to pioneer the future of media monetisation, RecastPay empowers media owners to thrive in a rapidly evolving digital landscape by offering consumers the flexibility they demand. With its frictionless, subscription-free model, Recast is setting a new standard for how content is accessed, valued, and monetised.

About Recast

Recast is a premium fintech solution offering media monetisation options that unlocks new revenue for media owners by enabling them to sell any digital media or asset direct-to-consumers, on their own platforms or via affiliates, at any price – from £0.01 to £100. Every transaction is powered by RecastPay — a universal media wallet that integrates seamlessly into any platform with no upfront costs, providing consumers with flexible, subscription-free purchasing power.

Recast’s proprietary affiliate and syndication engine allows media owners to incentivise approved third parties to promote and sell their media, with revenue instantly distributed to all stakeholders. Recast’s integrated data and marketing tools, help media owners understand audience behaviour, optimise content performance, and engage directly with consumers to drive maximum value.

Based in Edinburgh and backed by US VC Morpheus Ventures, Recast is redefining how media is valued and monetised.

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ION Treasury announces launch of its Enterprise Payment Hub to centralize payment processing

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LONDON, April 3, 2025 /PRNewswire/ — ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announces the launch of its Enterprise Payment Hub, a new solution, to centralize, automate, and secure payment processing.

The Enterprise Payment Hub is ideal for businesses with multiple payment source systems and numerous points of connection to their banks. Many companies lack end-to-end visibility of their payments and require consistent processes that comply with their control frameworks. The Enterprise Payment Hub consolidates the end-to-end payment process into a single platform, ensuring system-controlled security, consistency of payment workflows, file encryption, reliable connectivity, cut-off time management, and payment monitoring. The solution’s connectivity facilitates transfers of payment files between upstream systems and banks through various channels.

Real-time visibility and automation

The Enterprise Payment Hub ensures that companies never lose track of any payments as they move through the payment lifecycle. With API integration and support for SWIFT GPI, users gain real-time visibility of global payments through on-screen monitors. It is designed to maximize productivity through automation and sends alerts for any items that require timely actions.

Demonstrating ION Treasury’s commitment to supporting CFOs through their digital transformation, the Enterprise Payment Hub brings finance teams closer to their objectives. It centralizes data for use in AI applications and reduces costs by optimizing liquidity positions and lowering bank fees. It also ensures robust payment security standards to prevent fraud and tighten control of payments.

Flexibility without customization

Businesses that manage multiple payment source systems will benefit from configurable workflows that support straight-through processing (STP) for various payment types. This flexible solution can be deployed either on-premises or in the cloud and interacts with any Treasury Management System (TMS), Enterprise Resource Planning (ERP) system, and multiple payment source systems. This makes it ideal for organizations looking to centralize their payments landscape. Enterprise Payment Hub seamlessly integrates with ION Treasury’s leading solutions Wallstreet Suite, Reval, and IT2 for an enhanced TMS experience.

Michael Kolman, Chief Product Officer at ION Treasury, says: “We are excited to bring this new innovation to CFOs and Treasurers. Visibility and controls around payment management are increasing in criticality. Enterprise Payment Hub addresses the vital need for centralized controls and enables digital transformation, while also providing businesses the potential to reduce operating costs.”

Learn more about the Enterprise Payment Hub and ION Treasury’s payment solutions.

About ION

ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/

About ION Treasury

ION Treasury delivers unique treasury and risk management solutions to organizations of all sizes, offering both on-premises and cloud options. Our award-winning solutions help manage liquidity and mitigate operational, financial, and reputational risk. Together with a global community of over 1,100 clients, we are shaping the future of treasury and risk management technology. For more information, visit https://iongroup.com/treasury/

All product and company names herein may be trademarks of their registered owners. 

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JSAUX announces its first Nintendo Switch 2 accessories

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HONG KONG, April 3, 2025 /PRNewswire/ — Tech manufacturer JSAUX has announced its line up of Nintendo Switch 2 accessories after yesterday’s Nintendo Direct. With the console launching on June 5 and pre-orders opening April 9, this first batch is just a glimpse of more to come.

After successfully positioning itself as a market leader for handheld PC accessories, especially amongst Steam Deck players thanks to its docking stations and other gaming solutions, JSAUX has now revealed its first batch of Nintendo Switch 2 accessories, further solidifying its commitment to creating the most comprehensive accessory ecosystem for the Switch 2. You can find the list below:

Switch 2 Colorful Ultra-thin Carrying Case – Sleek, lightweight, available in blue and orange.Switch 2 Carrying Case – Stores up to 10 games, with shoulder and hand straps.Switch 2 Split Transparent Ergonomic Protective Case – Protects against scratches, dust, and fingerprints, dock-friendly.Switch 2 Integrated Soft TPU Protective Case – Nearly invisible protection with full port access.Switch 2 Multi-Mode Joystick Caps – Set of six for customizable grip.Switch 2 Anti-glare Tempered Glass Screen Protector – Enhances visibility in bright settings.

Besides these first accessories, JSAUX will also launch the ModCase for Switch 2, with an anticipated release in the near future.

Designed to enhance the experience for Switch 2 users, these accessories will be ready as soon as the console arrives. To celebrate the launch, JSAUX will offer exclusive discounts, including $50 off $20 and $30 off $10 coupons for all the Switch 2 accessories, available on the official website from today until June 5th.

At the moment, the company is also working on more add-ons such as Protection & Storage Accessories, Controllers & Gaming Accessories, Charging & Power Accessories, and Console Expansion & Connectivity (Docking Stations) that will be announced shortly.

About JSAUX

JSAUX is a global tech innovator known for its quality and forward-thinking design. Since 2016, the brand has grown to serve over 20 million customers in 100+ countries. Initially recognized for its Amazon best-sellers, JSAUX quickly became a leader in the Steam Deck accessories market and has since diversified its portfolio. From gaming peripherals and portable monitors to premium iPhone accessories, JSAUX continues to deliver solutions that prioritize customer needs and innovation.

Follow JSAUX on social media for updates.

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