Collaborating at Scale
Collaboration at scale towards industrialized innovation requires structured approach. A sharp focus on business outcomes will help both banks and FinTechs move from open innovation (proof of concept) to applied innovation (innovation industrialization). Act now. Act together. Act at scale.
Now, more than ever, incumbent banks and FinTechs are convinced that collaborative partnerships offer win-win synergies. Their lack of focus across critical pillars of success – People, Finance, Business, and Tecnology leads to unimpressive results and dissatisfaction all around.
Banks’ collaboration frustration
Collaboration readiness vs success: Bank perspective (%)
World FinTech Report 2020
No longer banking industry disruptors, BigTechs and challenger banks have opened a Pandora’s box of sky- high customer expectations. But banks can still thrive by transforming into inventive banks. The World FinTech Report 2020 from Capgemini and Efma explores how effective collaboration between inventive banks and mature FinTechs can help fill in the gaps from the front to the back office to deliver a meaningful customer and user experience.Download now