As technological advances transform the banking industry, the 'banking as a service' model, coined as one of the leading disruptors, is set to take off in the coming years. This shared model enables banks to integrate their digital banking services directly into the products of non-bank businesses over cloud-based solutions, creating a seamless experience for users and an efficient process. A global strategy consultancy, Arthur D. Little, predicts that banking as a service (BaaS) will grow at a compound annual growth rate (CAGR) of approximately 25% worldwide and this development could boost the Middle East's banking income by approximately $5 billion, or 4%, by 2026