Beyond point solutions: Building a cohesive fintech ecosystem through vendor optimization

In the financial services industry, competition has never been steeper. As fintechs and neobanks accelerate the pace of innovation and digital banking demand soars, financial institutions (FIs) can't afford to postpone digital transformation initiatives. However, despite the widespread recognition of its importance, many FIs find themselves stuck in the initial phases of their digital transformation journeys. Research shows that a staggering 70 percent of FIs are unable to move beyond the planning stages of migration. One of the primary reasons for this sluggish progress is the burden of tech debt and fragmented processes. Over the years, FIs have accumulated a… [Continue Reading]