Banking on Fintech Collaboration and Partnership

The IT-Online site noted that if banks are to modernize their business models to better serve their customers and meet their high expectations for convenience and value – their operating models must change. It is not only banks’ operating models that are not adequately suited to modern demands. The management culture is still all too often focused on preserving traditional revenue streams instead of driving the digital transformation needed to succeed in the digital economy. Banks should therefore seek partners that can help them evaluate different operating models, understand the correct leadership style for that business, break down internal silos and develop an integrated blueprint on how to engage with fintechs.

Click here to read the full article.

Image via Flickr.