Continued digitalisation and the arrival of open banking may have brought challenges for the financial sector, but it has given many organisations reasons to feel optimistic about the future. On the one hand, this is an unprecedented paradigm shift in relation to consumption and access to finance, and this shift has only been accelerated further by the pandemic. But on the other hand, this is a unique opportunity to provide customers with hyper-personalised offers and products.
Operating in such conditions could become almost like an “extreme sport”, and not all companies and management teams will be cut out for it. These days, it is not enough to know where customers are and build their loyalty. Now, it is also important to stay up to date with new technology providers so as to choose the right partner at all times, instead of simply pursuing the digitalisation of the organisation for the sake of it. Digitalisation is not the goal; it is the means to establish the right relationship with a market that is already digital, whether we like it or not.
A key international firm in the Open Banking sector, The Paypers, recently published an update to the INNOPAY survey in which they reviewed the key players in this field. From this, they have created a map that provides a complete view of the true impact that this comprehensive transformation is having on the banking industry.
At GDS Modellica, we wanted to share this information in the most intuitive way possible, and we have compiled it in a new infographic that is freely available for our readers. These are the different must-know categories of suppliers in the new ecosystem.
On the 16th and 17th of November, Madrid hosted the 14th National Credit Congress, organised by CMS Group and attended by more than 1,000 people to discuss the latest challenges and innovations in the industry.