Why we need to upgrade the world’s banking infrastructure now 🔧
Dear Beyond Fintech community,
Happy Friday! I have two treats for you today 🍬🍩
Why we need to upgrade the world’s banking infrastructure now 🔧
First of all, I’m delighted to share the next Beyond Fintech episode with my good friend (and industry twin) Dr Leda Glyptis PhD 🙌 who is Chief Client Officer at 10x Future Technologies.
We discuss:
🤔 Why legacy banks need to start thinking about how they can upgrade their tech
📈 The new era of API banking
🏢 Why digital-first banking needs to all the way down the banking stack, not just the front-end
👀 WATCH via Youtube:
🎙 LISTEN via Amazon Music
I really hope you will enjoy this new episode of Beyond Fintech’s on-demand series and am very much looking forward to hearing your thoughts.
How Banks should leverage the Embedded Finance opportunity 🏦
Additionally, this week I have published some thoughts in Finextra on how Banks can leverage the embedded finance opportunity.
It might seem as if Embedded Finance is an existential threat to the incumbent banks. Fragmentation and decentralisation are radically changing the financial services landscape, and the dominance of the legacy institutions has already been fundamentally undermined.
Indeed, for many players in the Embedded Finance ecosystem, this is entirely the point: to open up access to what has traditionally been a highly centralised, opaque, and often inaccessible world.
But incumbent banks still have a major role to play in the Embedded Finance future - and, in fact, the changes brought about by Embedded Finance also present a major opportunity for the legacy institutions.
Read more about the five things the major banks need to do now in order to survive and thrive in the new digital economy in my Finextra article.
Have any thoughts on this newsletter you would like to share or questions for me? Looking forward to receiving them in the comment section or on Twitter or LinkedIn. Please include the hashtag handles @Beyond_Fintech and mention me @SophieGuibaud. If you know anyone that could be interested in this newsletter, please tag them too!
And finally, you can visit www.beyondfintech.co to see all episodes!
Warmly,
Sophie