Fintech Analyst Report - Issue 242

Sarah Mason

01 February 2022

In this week’s newsletter, we delve into the power of collaboration with bank and fintech co-operation in supply chain finance and the value of co-creation partnerships. Modernisation and transformation are also in focus as we look at cloud adoption in APAC, the power of APIs, and digital innovation in wealth management.  We also find out why banks must undergo a change of mindset when it comes to payments and why UX is key to maintaining customer loyalty.

Forrester: Why co-creation partnerships can drive innovation

Departing from traditional models for working with third parties is key to unlocking true innovation. Companies should look to build co-creation partnerships, where internal teams work with agility and transparency with their external counterparts.

Aite-Novarica: Bank-friendly SCF to boost co-operation
Banks and fintechs have been competing in recent years in the supply chain finance space, but third-party SCF vendors could offer a bank-friendly solution.

IDC Financial Insights: Corporate banking modernisation in APAC  
This report predicts that 2022 will be the year corporate banks in APAC accelerate modernisation processes, such as moving to the cloud and aligning ESG priorities with growth strategies.

Mercator Advisory Group: Banks missing the mark on payments    
Having long dominated in the business payments and treasury space, banks are at risk of viewing payments as a product rather than a process that can, and should be optimised. How can banks adopt a more progressive and holistic view of payments?

Aite-Novarica: Leveraging APIs in financial services
APIs can enable increased flexibility for financial institutions and are a key tool for developing new and innovative ecosystems. Effectively leveraging the transformative power of APIs will unlock value for customers.

Forrester: Why UX is key to customer loyalty for US banks

Forrester’s US Banking Customer Experience Index 2021 outlines how quality user experience can help earn loyalty in an increasingly competitive environment.

Aite-Novarica: Digital innovation in wealth management
The pandemic has highlighted the integral role digital innovation can play in helping wealth managers achieve business growth, client and advisory empowerment and producing actionable insights. This report looks back at how digital was harnessed in the sector last year.

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