Banks are seeing increasing pressure from both competitors, new entrants, and changing expectations from customers. In the race to drive innovation and capture the accelerated move to digital we are all experiencing, financial leaders recognize that the most successful banks will be those that improve agility and reduce cost by using collaboration to bring various components together and build the strongest ecosystem. In fact, 65% of banks said FinTech partnerships were important to their business strategies last year.
It is important to find opportunity in challenging times. The objective is to be stronger and leaner, augmented through external collaboration with FinTech firms, market utilities and managed service providers. Success for banks will be based on building a better ecosystem, not a bigger bank.
So, how can banks begin working with partners outside of their four walls? How can FinTechs drive innovation, create new revenue streams and improve customer experience and retention? And how can banks anticipate the needs of tomorrow using AI and data insights, to stay ahead of the curve?
Join Finastra and a select group of senior thought-leading peers to share experience and best practice in embracing a collaborative ecosystem, to discuss considerations when moving to this approach, and to explore payment innovation in a changed world.
Thought Leader Robert Mancini is a prominent senior executive with more than 25 years of experience in financial… Find out more
Thought Leader Mihail Duta is responsible for all pre sales and other consulting activities in the US regional… Find out more
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