Even in a pre-COVID world back in 2014, which seems decades ago, Citi CEO Michael Corbat said: “In many ways, we see ourselves as a technology company with a banking license”. The relevance, truth and opportunity of this perspective now takes on new significance.
SMEs in particular, hard hit by physical constraints, acutely need to be digitally connected and empowered towards identifying sales and service opportunities. Banks and FI’s can offer this through bundling their core services and functionality along with digital enablement tools. Curation through security and finance would easily make them a one stop shop.
Banks and financial institutions, at the core, have always been marketplaces offering meet-and-match services, financial empowerment, providing security and curation of transactions to drive a predictable outcome. Fast-forward to 2020, you now have improved connectivity with 5G, monetizable APIs and Microservices, providing you the ability to become a true enabler and systems integrator, offering your core assets in an as-a-service model to the participants on your marketplace.
Join this Fintech Futures webinar in association with Torry Harris Integration Solutions (THIS) on 25 August 2020 to hear expert speakers discuss:
- How to empower SMEs and customers in the current climate through providing them digital revenue opportunities
- How to marry legacy systems with new technologies to deliver your differentiators
- How offering APIs and Microservices are your new tools of trade
- Real-life examples of how APIs and Microservices have fuelled business transformation
Digital Enablement Platform
digital capability for Pure Planet