Thanks to Open Banking, embedded banking and banks positioning their apps as super-apps, the financial sector becomes more and more an ecosystem of parties collaborating together to execute upon a customer’s journey and needs. As a result, more and more banks and Fintechs sign partnerships with other financial players and players from other industries, in order to deliver value-added services wherever, whenever and however the customer desires . Some examples: Banks (like KBC or Belfius in Belgium) offering third party services in their banking app , like buying mobility services (train, bus, metro, shared bikes, shared cars, parking…), buying cinema and amusement parc tickets, consulting social vouchers (like Monizze), recharging pre-paid phone cards… Banks and insurers offering financial products via third parties in context of a specific user product journey. E.g. offering mortgages and home insurances in a real estate search engine (e.g. in...
A weekly blog with articles on the future of financial services sector and more particular specifically Fintech, but also on topics, like IT and digitalization and its impact on the world (like e.g. mobility). #fintech #bankingsector #innovation #bankingtechnology