Rebundling Banking on Platforms and Ecosystems

Becoming platforms provides banks with a fast-track route to digitalization, while simultaneously meeting consumers’ desire for financial simplicity. This makes banks marketplaces that do not just sell customers their own products, but those of third-party banks, fintechs and financial institutions as well. Consumers get the benefit of greater choice while sticking with the same financial provider. The World Economic Forum estimates that 70% of the value generation over the next decade will happen through platforms.