Rapid digital innovation. New models. New markets. Competitors becoming partners. Value chains simultaneously disintermediating and integrating. There’s never been a more exciting time to be in payments, Simon Eacott and Teresa Connors, Natwest and Anders Olofsson, Finastra tell us.
According to research from Cornerstone Advisors, more than half of the chief executive, finance, and operating officers do not believe their firm’s lending capability is “future-ready.” So what exactly does it mean to be future-ready? And how do you know when you are?
Overcoming legacy systems remains one of the biggest obstacles for banks looking to offer a frictionless experience. Digitization can be seen as an expense; in reality, it provides banks an opportunity for new revenue growth.