April 9, 2022

Conventional models going for a toss: Digital toolboxes for compliance and risks

With digital alternatives taking over, age-old banking models are no longer in the driving seat

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Monolithic and vertically integrated banking value chains are giving way to microservices and products. Globally, banking giants are repackaging their products with shared components to provide end-to-end customer experiences.

In this scenario, digital-only players are adapting non-linear, purpose-centric strategies to scale their operations. They are looking for more innovative and future-ready products that can be acquired and shared with customers at low costs.