Which of the following regarding banking-as-a-service is/are true?

1. I. It has restricted the financial transparency options for account holders.
2. II. It is an end-to-end process that allows fintechs and other third parties to connect with banks systems directly via APIs.
3. III. The process begins with a fintech or other third-party provider paying a fee to access the platform.

Multiple Choice

a. I only

b. II only

c. II and III only

d. I and II only

e. I, II, and III