Digitised Banking is Now. Digital Banking is the Future - ERP Spain.com - España y América Latina

An ideal digital bank of the future would not only offer payments through cryptocurrencies, but also have fully-integrated marketplaces for value chain players. Established banks have been trying to take a stand against being digitally disrupted and have been making attempts at adopting some of the technologies to re-imagine their offerings and processes. All of this is underpinned by the data collected across various data points and more importantly, the tools in which banks can better understand their customers. To guarantee long term success, banks need to be a position where they can capitalise on their advantage from a data standpoint, collaborating with FinTech companies. Technology start-ups are considered the primary disruptors of the traditional financial services industry and its way of working. Along with technology start-ups, a number of non-core players have been entering the banking and financial services domain, primarily through technology innovation and consumer interfacing. Each of these players could potentially disrupt the incumbent banks’ offerings and gain a stronghold in the FinTech space. Kunal Patel, Business Mentor, Startupbootcamp Kunal is a thought leader and practitioner in the Financial Services and FinTech space. As a former director and business leader in Singapore/India, he has helped connect banks to the FinTech ecosystem through payment acceptance and mobile-banking-as-a-service platforms. He has additional perspectives, leading product development and strategy efforts from within banking institutions, payment acquirers and telecoms operators. Kunal writes and speaks about banking and technology trends, advises and mentors several start-ups and key industry conferences.