In response to the challenges of new credit and payment technologies, this whitepaper provides solutions for how digital interconnection helps banks compete and meet consumer demand with online solutions. By leveraging strategic interconnection, banks can process and exchange data rapidly and securely to deliver services more seamlessly, streamlining customer onboarding and other standard banking operations.
- Disruptive forces reshaping the banking sector
- How key players may be redefined into different functional work streams
- Likely outcomes for big incumbent banks
In the digital era of hyper-connectivity – enabled by web-based services, distributed processing and open standards – it may well become possible to disaggregate the individual banking components into separate, free-standing enterprises based on their distinct roles.