Ushering in the New Era of Global FinTech Connectivity, Standardization and Coopetition

When observing an industry in the midst of rapid transformation, you can usually identify technological disruption as one of the primary agents of change. New technologies appear, processes change and different techniques are adopted. As players within the space continue to innovate, the need for a global standard becomes apparent to enable consistency and outcome predictability. This requires modifying existing technologies and aligning all industry players.

Historically, standardization is common in technology because ...