Why collaboration remains central to agile digital banking

We cannot innovate everything inside our company, it’s just not possible because there is so much innovation out there. That means we need to be clear on what we consider our intellectual property, and what we want to buy, which means that integration capability becomes a core competency, so we can use fintechs and third parties for new solutions

The pressure to transform and innovate is constantly increasing for financial institutions. At the same time banks and building societies are faced with the risk of being held hostage by the limitations of their own platform. To become more agile, financial institutions have now recognised the urgency of collaborating with the leading minds across fintech, to craft and deliver the best products to their discerning customer base. Key to a successful collaboration is an architecture that allows banks to integrate with third party offerings…READ ON

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