FINANCIAL SERVICES “ DIGITAL WALLETS HAVE BEEN MOST SUCCESSFUL IN REGIONS WHERE CARD PENETRATION HAS BEEN LOW BUT MOBILE PHONE USE IS HIGH ”
JOHN MITCHELL CEO , EPISODE SIX
for digital transformation within banking . In essence , the phrase ‘ digital core ’ refers to the platforms and applications that an institution uses to transform itself into a digital business . From there , it can make use of open APIs to integrate with digital wallets and payment platforms , allowing them to bring front-end benefits to consumers .
John Mitchell , co-founder and CEO of Episode Six , says : “ With these technologies , the world ’ s leading developers are able to create services and applications that communicate and integrate in a simpler manner . It ' s these technologies that are driving change in the market and creating solutions for better customer-friendly applications .
“ While open APIs are helping to drive innovation today , we can expect to see more from smart ledgers and wallet management systems in the future .
“ Smart ledgers , or blockchain , will transform the way people and organisations handle their digital wallets . By offering a way to record , store and transfer alternative digital assets , the smart ledger will introduce a whole new world to digital wallets .
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