“ Traditionally , we ' ve had a core set of Top 20 partners , and then a very long tail that deals with hundreds of individual businesses or partners for small tasks . The endeavour today is that we ' re going to partner with fewer – yet more strategic – partners in the ecosystem ,” says Narang .
This enables Santander UK to build deeper and more meaningful relationships with their ecosystem partners – but also strike a balance between relationship and risk : while fewer partners does mean a greater concentration of risk , this can be more than manageable with the right strategy in place .
A bright outlook for the future As the next 18 to 24 months unfold , Narang is quietly confident about how the market will affect Santander UK . He believes a solid strategy will help the bank weather the storm . While rising inflation rates are a concern for all financial institutions , because Santander UK is a retail bank , and not an investment bank , they have not been subject to the highs and lows that other organisations are facing .
“ We are largely a retail bank , not a big investment bank . Therefore , we haven ' t taken crazy bets on some sector A or
92 January 2023