LaaS
ServicesLedger-as-a-Service
Definition
Ledger-as-a-Service (LaaS) is infrastructure that provides programmable, double-entry ledgers and money-movement capabilities via API. LaaS providers help fintechs and platforms track, move, and reconcile money without building in-house ledger systems. The category spans direct ledger APIs (e.g. Formance, Fragment), full-stack payment operations (e.g. Modern Treasury), and vertically integrated bank-tech. Distinct from general accounting software; focused on real-time transaction-level ledgering.
Related Terms
Frequently Asked Questions
What is Ledger-as-a-Service?
Ledger-as-a-Service (LaaS) is infrastructure that provides programmable, double-entry ledgers and money-movement capabilities via API. LaaS providers help fintechs and platforms track, move, and reconcile money without building in-house ledger systems. The category spans direct ledger APIs (e.g. Formance, Fragment), full-stack payment operations (e.g. Modern Treasury), and vertically integrated bank-tech. Distinct from general accounting software; focused on real-time transaction-level ledgering.
What does LaaS stand for in Open Banking?
LaaS stands for Ledger-as-a-Service. It is a fundamental concept in Open Banking and PSD2 regulations. Ledger-as-a-Service (LaaS) is infrastructure that provides programmable, double-entry ledgers and money-movement capabilities via API. LaaS providers help fintechs and platforms track, move, and reconcile money without building in-house ledger systems. The category spans direct ledger APIs (e.g. Formance, Fragment), full-stack payment operations (e.g. Modern Treasury), and vertically integrated bank-tech. Distinct from general accounting software; focused on real-time transaction-level ledgering.
How does LaaS relate to Open Banking?
Ledger-as-a-Service is a key concept in the Open Banking ecosystem, falling under the Services category. Ledger-as-a-Service (LaaS) is infrastructure that provides programmable, double-entry ledgers and money-movement capabilities via API. LaaS providers help fintechs and platforms track, move, and reconcile money without building in-house ledger systems. The category spans direct ledger APIs (e.g. Formance, Fragment), full-stack payment operations (e.g. Modern Treasury), and vertically integrated bank-tech. Distinct from general accounting software; focused on real-time transaction-level ledgering.
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