CREATING VALUE FROM BANKING ECOSYSTEMS
Does Digital Leadership in Banking Really Matter ?
“ The business imperative — in an industry of inherently and increasingly abstract products — is to innovate , demonstrate relevance , and deliver value on a foundation of trust ”
— Accenture ,
CREATING VALUE FROM BANKING ECOSYSTEMS
Within these five ecosystems there are typically three ways in which banks create value from :
Expanding primary relationships : by driving hyper-relevant experiences via these ecosystems , banks can benefit from increased value of extended relationships with other financial products and increased cross-selling .
Generating new revenue streams : by orchestrating an ecosystem or opening their infrastructure , banks can offer their ecosystem partners access to their customer base and data in
47
Does Digital Leadership in Banking Really Matter ?
CLICK TO WATCH | 18:45 www . fintechmagazine . com