60 mins
China 
India 
Japan 
Philippines 
Singapore 
South Africa 
Sri Lanka 
Thailand 
Colombia 
Ecuador 
Mexico 
Austria 
Denmark 
Finland 
France 
Germany 
Hungary 
Norway 
Poland 
Portugal 
Romania 
Spain 
Sweden 
Switzerland 
United Kingdom 
UAE 
Canada 
United States 
.svg)
About the white paper
Incumbent financial players like banks and insurance (BFSI) companies aspire to be agile enough to adopt digital transformation across the board, equip themselves to face the tightening regulations, and become an API-enabled banking and insurance businesses of the future. But are they up for the challenge of fintech innovation?
Though the players understand that the competition is threatening their profitability and growth, they aren't entirely prepared. This white paper elaborates on four ideas that we believe the incumbents need to implement to stay relevant and competitive:
-
IT as the new “powerhouse”
for digital transformation and innovation -
Modern agile
to renew and adapt quickly to market changes, and to react flexibly to customer needs through rapid experimentation -
API-fication
as a strategic enabler to interact with the ecosystem and to run IT operations -
Unleashing banking innovation
with technology & data, behavioral change and relentless execution
Related services
Related industries
Author
Sandeep Gupta
Delivery Lead - Banking
