FinTech Magazine - April 2022 | Page 58

IKANO BANK
Ikano Bank and its partnerships Ikano Bank believes it is important to have partners that are willing to invest in the business . “ Now more than ever , because we ’ re on our transformation journey , it is important for us to have partners with whom we can have a strong relationship ,” says Åsa Stoije , Head of Sourcing and Procurement at Ikano Bank .
She adds : “ You can compare it to a marriage . It is important for us and our partners to have transparency and work together towards the same goals .

INSIGHT ...

RISK MANAGEMENT AT IKANO BANK
Risk management in any organisation should be treated with care . From a sourcing perspective , Ikano Bank has a detailed checklist of different requirements . It conducts annual reviews , follow-ups and risk assessments , and it has multilevel of approval chains and security assessments .
It ’ s about give and take throughout the journey , because this allows us to grow our business and to build at scale .”
Given the nature of the sourcing and procurement market , it is also vital for Ikano Bank ’ s partners to navigate a disruptive market .
“ They need to be global , she says “ They need to have agility , flexibility , and to provide us value for money . They must also be able to work in a multi-vendor environment , and be willing to take risks in order to get rewarded in meeting our business goals ..” Stoije adds : “ I think those are key foundations for a good partnership .
58 April 2022