Top 10 mistakes when launching a digital bank and how to avoid them
Watch this webinar on demand, where we hosted industry leaders in digital banking and reviewed the most common mistakes made when launching a digital bank. And more importantly, how to avoid them.
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The rapid advance of technology and seemingly endless access to venture capital has made the process of launching a fintech easier than ever. Little wonder then that billions has been invested in fintech. However, are fintechs the same as banks? Many startups operate, using Mark Zuckerberg's prime directive to his developers, under a motto of "move fast and break things". Banks, as regulated entities, try not to break things, as customers tend to get upset when their finances are broken. Is there a way to blend the two? Is it possible to successfully blend the dynamism of the startup world with the security and stability of banking? Are digital banks the answer? Many have tried, some have been successful. And what about the established banks? Can they import some of that fintech magic and use it to renew their operations? Can they do it without suffocating the innovation? The answer should be yes, but the challenge is how to get it right.
