Fintech 2.0: creating new opportunities through strategic alliance
Let’s collaborate, not compete, says Deutsche Bank (c) Duisenberg, Wikimedia Commons
Banks and fintechs should collaborate rather than compete, leveraging their respective strengths to revolutionise the B2B payments space and create sustainable business models in today’s digital era.
As the next stages of digital structural change continue to transform financial services, the focus of technological developments will shift. Most recent developments in business models have been consumer-focused, but the industry is poised on the brink of the first wave of applying such innovation to the B2B space.
Against a challenging backdrop of low risk appetites and numerous regulatory constraints, Deutsche Bank examines the market drivers that should encourage banks and fintechs alike to pursue collaboration over competition, if they are to turn creative concepts into functional solutions and safeguard their ability to continue to innovate.
Click here to read Deutsche Bank’s white paper in full.
