parties , it is important to have the right fintech partner onboard .
By leveraging digital ecosystems and fintech partners , NBP is able to offer a range of digital services and implement new products and services at pace .
“ Fintech partnerships play a pivotal role in NBP ’ s digital transformation and our relationship with them is a symbiotic one ; we get to fast-track innovation , realise operational efficiencies and enhance customer experience while participants gain regulatory experience , get access to a large and broad customer base and gain credibility in the market ,” notes Amin .
“ No organisation is able to or even should endeavour to do it all . We support fintechs and startups to mature or tune their products and services through POCs and skunkworks activities or , for the ones that have a more market-ready offering , by engaging them through customised models .
“ Having said this , engagement with third parties is always conducted in a manner that ensures we remain compliant with the regulatory regime and there is no compromise on data protection , information privacy and cyber security . While this poses hurdles , instances of where these have been unsurmountable are few .”
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