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Multi-Bank Platforms as a Unification Tool in the Financial Services Industry

While it is not hard to imagine banks and FinTech startups in a beautiful friendship, the task is a bit more complicated when it comes to bank-bank relationships. With startups, the purpose of relationships is quite clear because each party has something to bring and take. But when it comes to an equally powerful player, we are still at a place where banks are natural competitors looking to cut out a bigger piece of a customer base pie. However, just like with bank-startup rivalry, the competitive mindset may not last long.

The concept of multi-bank platforms has been out there for some time now but never got too much attention. It is, however, an exciting opportunity now, when competition across markets intensifies so quickly that the pieces of a whole pie are becoming smaller and smaller. Outlining the hallmark of the tr ...

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