WeBank: Banks Must Open Capabilities to Market

By • on January 21, 2019

The Finews.asia website reported that WeBank vice-president Henry Ma cited open innovation as the key to attracting more opportunities, saying that the success of tech giants like Google and IBM, which have opened up their technology stack and are going open source. WeBank is doing the same by opening its application programming interface and software programming toolkit to partners so that its financial capabilities can be embedded into their ecosystem.  He added that if that banks want to stay competitive in the new economy, they first need to collaborate with the different players and innovate together.

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