As bank CEOs realize the pressing need to introduce next-generation products and refresh their brands to compete for millennial customers, many are turning to financial technology (fintech) companies for solutions. Although strategies to buy, build, borrow or battle fintech start-ups can be effective, banks should also consider developing their own innovation cultures from within, to create a lasting competitive advantage.
© 2020 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.