BPC Banking Technologies - Winning the fight against FinTech disruption
Intent on stealing revenue from banks, fintech disruptors are entering the payments business. However, unlike banks, these challengers put the consumer at the heart of their offerings, and they can consequently target their products much more effectively than banks, at cheaper cost, and with a lower regulatory burden.
In contrast, in recent years we have seen many payments modernization programmes undertaken by banks have failed to provide the solution and architecture they need to be able to compete with these new entrants. These projects have instead focused on the necessary but insufficient business of core payments processing, and missed the importance of including the consumer within their new architectures.
In this session, BPC will present a new approach that will provide banks with the tools to compete and thrive against disruptors who are entering the market.