EXECUTIVE INSIGHT
“The banking sector has been both complex and inefficient , with limited speed to embrace changes ”
MARCIN GLOGOWSKI , SVP , MANAGING DIRECTOR FOR EUROPE AND UK CEO , MARQETA
For banks , it was always very hard to imagine they could outsource their tech stack to anyone and be provided a service , rather than internally building what they consume in their context .
There are two elements making banks potentially end up in a catch-up situation : the massive cost of legacy and changing this legacy architecture , but also the mental quantum leap they need to make to get serviced and help from the outside .
Q . HOW DO YOU VIEW THE DIFFERENT APPROACHES TO FINANCE ACROSS GLOBAL REGIONS ? There are three paradigms in the world : the European paradigm , the US paradigm and the Confucian paradigm . The European one is mostly focused on individual and individualism , with European culture putting the value of individualism very high . WATCH NOW
Marcin Glogowski at Marqeta on Embedding Financial Services at FinTech LIVE London 2024