Threats in Banking Today

  • Losing Customer Relationships

    Banks in the last few years have been facing more intense competition from digital competitors threatening to take away customer relationships. Think of neo-banks, specialized fintechs, and most menacing of all - big tech companies.

  • PSD2 Access to Accounts

    Regulations mandating the opening of banking APIs for free to registered financial companies are likely to increase this competition.

  • A Cautionary Tale: Telecoms

    Telecoms have become utility companies. In the 90s they had great potential since they knew everything about us: our complete social networks, our location at all times, even some of our shopping habits with SMS payments. Yet, platforms such as Apple, Google, Facebook won at the end of the day.

Losing Customer Relationships

Banks in the last few years have been facing more intense competition from digital competitors threatening to take away customer relationships. Think of neo-banks, specialized fintechs, and most menacing of all - big tech companies.

PSD2 Access to Accounts

Regulations mandating the opening of banking APIs for free to registered financial companies are likely to increase this competition.

A Cautionary Tale: Telecoms

Telecoms have become utility companies. In the 90s they had great potential since they knew everything about us: our complete social networks, our location at all times, even some of our shopping habits with SMS payments. Yet, platforms such as Apple, Google, Facebook won at the end of the day.

The Keys:

Customer Experience & Big Data

Customer Experience

Open marketplaces (app stores) allowed Big Tech platforms to offer an ecosystem of ever-evolving customer experiences.

Big Data

They were able to gather massive amounts of behavior data through these platforms and provide hyper-personalized services.

Solution:

Become a Platform

Competitive Advantage:

Trust

FintechBlocks allows banks to become platforms of fintech innovation
for their customers building on and even enhancing
their core competitive advantage: trust

Fintech App Store

Become a curator of fintech apps by offering solutions in your very own Fintech App Store.

Two-speed IT

Add a modern private microservice cloud to your IT infrastructure built on the same technologies used by Big Tech today, while at the same time fulfilling all the banking security requirements. You will be able to run your own innovations as well as those of your fintech partners in this cloud.

Digital Financial Advisor

Gather relevant behavior data from all your fintech apps, use the data to offer hyper-personalized offerings and financial advice, ultimately becoming a trusted digital financial advisor.

Bank-Fintech Partnerships

Partner with fintechs from our Fintech Marketplace (white-label, co-branded or otherwise) and integrate their solutions plug-and-play, speeding up innovation.

Fintech Appstore Demo

Contact Us

If you're interested in
a Fintech App Store Demo or a Technical Deck,
please contact as at

hello@fintechblocks.com

and we'll promptly
follow up
with you.