Platform-Based Banks More Profitable, Agile than Traditional Financial Institutions

By Fintech News Switzerland In the age of disruption and increased competition from tech players, the traditional banking model is rapidly becoming outdated. For banks and financial companies, platformification is emerging as the most fitting strategy to maximized results, enabling greater agility and personalization. According to the World Retail Banking Report 2020, platform-based banks can…

The Fintech 250: The Top Fintech Companies Of 2020

The financial services industry continues to attract tech companies that transform how people and businesses spend, save, borrow, invest, and more. From capital markets to insurance and digital banking to wealth management, the Fintech 250 are among the most promising of these companies globally. The 2020 Fintech 250 cohort has raised approximately $49.2B in aggregate…

How do companies create value from digital ecosystems?

By Miklos Dietz, Hamza Khan, and Istvan Rab – McKinsey Digital While ecosystem-building has been a red-hot topic in the business world in recent years, the COVID-19 crisis has amplified the importance of digital interactions and will likely further accelerate the adoption of digital-ecosystem business models. Our global consumer sentiment surveys indicate that the spike…

Next-generation core banking platforms: A golden ticket?

Competition in the banking industry is intensifying. Neo-banks are winning market share and serving customers at around one third of the cost of traditional banks. Fintechs are targeting lucrative niches in the value chain. Big tech players, with their large customer bases, pose a real threat and a few incumbents are investing heavily in innovation,…