as us in terms of consolidating a lot of the back office capability to ensure cost efficiencies can be passed to consumers .”
There is , as Brear concedes , a long way to go in terms of the industry ’ s digital journey . In terms of what that journey looks like for 11 : FS , he predicts a maturing of the markets that the company currently operates in and a development of the company ’ s consultancy arm in line with the wider evolution of the sector .
“ Foundry could eclipse everything , though ,” he adds . “ When it comes to the technology side of things it ’ s the real fabric that ’ s holding banks back , and there aren ’ t many players in the market that are approaching this as aggressively or boldly as we are . More broadly , I see this journey to the next generation of digital financial products as a problem that isn ’ t going to go away anytime soon . Let ’ s focus on getting to the 2 % mark first …”
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