The concept of banking-as-a-Service (BaaS) is on the rise and research conducted by IBM shows that 79% of bank executives believe that BaaS will provide a competitive edge, increase profitability, and help expansion into new markets. Railsbank is the leading BaaS platform that offers a complete financial services backend – platform, connectivity, operations, scheme memberships (e.g. Visa), regulation, and compliance. Railsbanks’ APIs provide the building blocks for businesses to innovate to address any financial use case, including the launching of a full banking system. London TechWatch caught up with CEO and Cofounder Nigel Verdon to learn more about Railsbank, its global expansion plans, and recent capital raise, which brings the total funding raised to $51.4M.