We're seeing a fascinating shift: instead of competing head-on with fintechs, established FIs are leveraging API middleware to modernize their digital offerings. From open banking to credit card issuance and spend management - it's all about empowering banks to deliver the seamless digital experience customers expect. Think of it as "The Empire Strikes Back" moment for traditional finance. Watch Partner Laura Lenz explain more about why it's an area of interest for our investment team:
OMERS Ventures’ Post
More Relevant Posts
-
The #banking industry is experiencing a seismic shift as agile, digital-native FinTechs capture an ever-growing share of the market. The swift growth of #FinTechs underlines the urgent need for banks to enhance their digital offerings. https://buff.ly/3WRewhm #digitalmodernization
To view or add a comment, sign in
-
-
Businesses, banks, fintechs and consumers—listen up!🎙 The BaaS market in Europe is set to triple by 2030. Driven by the need for agile, scalable financial solutions across industries, the financial landscape has long relied on outdated foundations, tangled in complex systems and setups. We’re here to change that and be part of the journey. As a tech-driven bank, we’ve built our own platform, Lunar Banking Services, from the ground up to deliver seamless access to payments, currencies, and real-time banking. Through one streamlined API connection, we empower businesses, fintechs and banks to tap into fast, secure and accessible banking 🪐 Curious how it works? 🔗 Dive into our latest blog post on Banking Services here: https://lnkd.in/dyUZnQ8Z
To view or add a comment, sign in
-
-
Salt Bank, #GFT and Engine by Starling set new digital banking benchmark in Europe. News that the digital bank was built in under 12 months and debuts with cutting-edge technology and rapid customer onboarding has received extensive coverage from the like of Yahoo and FinTech Magazine. Read the story from #Yahoo here https://okt.to/A8fD0G #TeamGFT #GFTUK #DigitalBanking
To view or add a comment, sign in
-
-
In London October 23 and 24? Come see @BigPanda at the NexGen Banking Summit. Learn how BigPanda can help #finservIT transform your IT data into insights and automation.
To view or add a comment, sign in
-
From Traditional Banks to Neobanks to Decentralized Banks 💳🌐💱 For decades, traditional banks like HSBC, Santander, and BNP Paribas were the backbone of our financial system - offering essential services but often burdened by inefficiencies, high fees, and limited accessibility. Then came neobanks like Revolut, Wise, and N26, modernizing the experience with sleek interfaces, real-time notifications, and global usability. Yet, they still operate within centralized frameworks, constrained by intermediaries. Now imagine all those services - without the middleman. Available 24/7. Cheaper. That’s decentralized banking. 🚨 Spoiler alert: at FOHLE Finance, we’re making it happen. It’s not just about replacing banks; it’s about building a financial system that’s open, inclusive, and truly borderless. Are you ready for the transition? 🚀
To view or add a comment, sign in
-
Exploring the Disruptive Powerhouses: 5 Neobanks Shaking Up the European Challenger ...: Neobanks are a type of challenger bank that operates solely digitally. These newly established banks are not part of any large conventional banks.
To view or add a comment, sign in
-
Revolutionizing digital banking: Discover the future with our latest blog post: https://lnkd.in/duYBSdwG In a world where finance meets innovation, our new blog post unveils the game-changing strategies of Robinhood, Trade Republic, and Wealthfront. Explore how these FinTech pioneers are reshaping digital banking, navigating regulatory landscapes, and empowering modern investors. Don't miss the inside scoop – read more now: https://lnkd.in/duYBSdwG #CInnovation #FintechInsights #FintechInnovation #FinanceInsights #BankingRevolution #Finance #FinancialServices #DigitalTransformation #BankingInnovation #FinancialGrowth #Banking #NeoBanking #Fintech #BankingNews #TechInFinance #FinancialNews
To view or add a comment, sign in
-
-
"Until 2024, only a minority of bankers saw this threat as significant, but that share rose to a majority this year, with 60% of bank executives now seeing big FinTechs as a significant threat to their business, up from 47% in 2023." #fintech #innovation #digitalbanking #adaptordie
To view or add a comment, sign in
-
Our Chief Delivery & Risk Officer, Karthik Sethuraman, shared his insights with The Fintech Times on embedded finance, where financial services have seamlessly integrated into everyday products and services across the world. Highlighting the growing demand for seamless digital financial services in Southeast Asia, he emphasised the pivotal role of partnerships between Banking-as-a-Service (BaaS) providers and fintechs in modernising infrastructure and enhancing offerings for banks, financial institutions, and end-users. An example is audax's partnership with Thought Machine, where audax’s scalable digital banking technology platform is integrated with Thought Machine’s configurable core banking technology, enabling swift infrastructure modernisation and customisable financial products for institutions and end customers. Read the full article: 🔗 https://lnkd.in/emVdZsHj Discover how we’ve built a platform that enables banks to better serve their customers through embedded finance and BaaS 👉 https://lnkd.in/gkPG_kqB #audax #pushfrontiers #DigitalBanking #EmbeddedFinance #BankingasaService #FinTech #yeswecanlah
To view or add a comment, sign in
-
-
Fusion Bank Launches Next-Generation Core Banking System with WeBank: Broader Impact: This achievement highlights the role of cross-border fintech collaborations in accelerating digital finance transformation in Hong ... #finpeform #fintech
To view or add a comment, sign in