FinTech-inspired digital journey now an FS priority
Traditional banks have jumped on the transformation bandwagon to launch digital-only subsidiaries as perceived benefits outweigh efforts. Banks must adopt a right-field approach using a three-dimensional process to launch and run their digital subsidiaries while preparing for their role as a Bank of the Future.
Banks considering establishing a digital-only subsidiary have to balance the various approaches to create a right-field solution. But whether it be a single approach or a hybrid approach – the goal is to create a startup with heritage that complements the internal capabilities and aligns with the overall business objectives.
Select elements from one or more approaches for mix-and-match options
World FinTech Report 2021
Covering banking in the FinTech era, the World FinTech Report 2021 from Capgemini and Efma explores how successful FinTechs have breached the profitability barrier and analyzes alternative options for banks to alleviate the competitive threat. Discover how banks can implement digital-only subsidiaries with the “right-field” approach to be successful in the FinTech era.Download now