PARTNERSHIP AND SUCCESS
“ Our vision is to change the fabric of financial services , but our mission is purely about unleashing talent ”
— David M . Brear , Group CEO , 11 : FS
than ever before with access to credit , savings , lending and more 24 / 7 at our fingertips . And , with fintechs and mobile banks there ’ s a plethora of organisations that fundamentally want to serve customers ; fintech is rekindling the ‘ services ’ within financial services .”
PARTNERSHIP AND SUCCESS
11 : FS helps financial services companies navigate these challenges and to understand the competitive landscape on their journey to digitisation . And while its proposition covers a host of key areas that contribute to the next generation of digital financial products , Brear is also a firm believer in getting the basics right first . Or , as 11 : FS terms it – the infrastructure .
It is here that the strong culture in place within 11 : FS pays dividends . “ People often talk about technology debt or legacy technology as the major inhibitor ,” he says , “ but for me that ’ s not the case – you get the right culture in any of these organisations and any challenge is surmountable . The newer organisations are those that are able to possess that more entrepreneurial spirit which means they ’ re not operating in silos , they ’ re curious , always asking ‘ why ?’ They don ’ t treat digital as just another distribution channel , but as everything .”
On this point , says Brear , incumbent institutions too often park their digital aspirations firmly in one corner , under the guise of an innovation lab or similar . Rather , he encourages collaboration between incumbents and fintechs as bringing a significant advantage . “ Partnerships are a major step forward for those legacy players ,” he explains . “ Making this kind of digital
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