In a financial world that’s increasingly open and subject to ever-emerging competition, there’s a compelling case to be made for the importance of “ecosystem” participation and collaboration. This blog explores how digital lending empowers banks to improve the customer experience and enter new and more diverse markets through partnership. Success in the new age of competition requires modernization, vision and collaboration.
Banking is a highly competitive industry, with firms battling for market share, wallet share, and geographic reach (or niche markets, as the case may be). Traditionally, banks manufactured and distributed branded products exclusively through their own networks.