Data sharing will allow banks to create more targeted products and services, while reducing risks like fraud. And customers will have new options for managing their money. So why hasn’t open banking extended beyond basic APIs and embraced the fintech community?
Read post
Acquiring fintech firms wasn’t enough: banks now face competitive pressure from digital players such as Google, Amazon and Apple. Here’s how banks are taking a post-platform path and moving beyond traditional banking to stay relevant.
Read post
Big corporations and startups have learned some lessons from the last acquisition craze. This time around, they’re more aware of the need to balance technical innovation with cultural integration, and many banks are partnering rather than purchasing.
Read post
Today, banks and fintechs are acting like comrades in innovation, not cutthroat competitors. But banks should be keeping tabs on the well-funded giants of the Internet; Google and Facebook have already gained the trust and loyalty of hundreds of millions of people.
Read post
Big banks will partner with fintech startups as they face common competitors, such as the Googles and Apples of the world. These partnerships could be their salvation — and could drive a culture of innovation in the banking industry.
Read post
Here in Canada, the approach seems to be more of a collaborative one, and major banks are already making moves to actively partner with the wider fintech community, according to panelists at the Canadian Fintech Summit 2016 in Toronto.
Read post
The director of Cisco’s IOE strategy visits Canada to discuss what increased connectivity will mean for financial services firms
Read post
LinkedIn
Twitter
Facebook
YouTube
Google+
Blog