FOREWORD
Digital Ecosystems Mark an Era of Collaboration in Finserv PSD2 heralded an era of third-party data sharing in finserv . Today , digital ecosystems are the key drivers of innovation ; we look at their importance
“ AS EVEN THE LARGEST FINANCIAL INSTITUTIONS MOVE AWAY FROM AN ERA
OF CONTROL AND INDIVIDUALISM , THE
VALUE OF LEVERAGING OPEN APIs HAS
BECOME WIDELY APPARENT ”
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In 2024 , digital ecosystems are vital for the continuous innovation we see in the financial services sector .
As even the largest financial institutions move away from an era of control and individualism , the value of leveraging open APIs has become widely apparent . As financial institutions look to capitalise by striking partnerships with fintechs for more value-added services , the market has become just as competitive as it is collaborative .
Small-scale partnerships have made way for extensive digital ecosystems , as banks , fintechs and consultancies connect to drive innovation .
In this issue , we speak to industry experts about how far digital ecosystems have already taken the industry and look ahead to what the future has in store .
We ’ ll also look at the rise of mobile payments , a shifting vertical driven by technological advancements and changing consumer behaviours , and the latest on blockchain technology in financial services .
In addition , we ’ ll delve into the importance of sustainable banking , revealing why financial institutions must act on their net zero roadmaps now .
Don ’ t forget to check out our Top 10 too , where we run through the leading digital banks on the market today , and , as always , there is plenty more over on our website . Just head to fintechmagazine . com .
Enjoy our latest issue .
LOUIS THOMPSETT louis . thompsett @ bizclikmedia . com © 2024 | ALL RIGHTS RESERVED fintechmagazine . com 5