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Digital, Innovation, Payments

Mutualisation: upcoming activities and key updates for the Catapult Future Foundation Program

Published on 02 December 2024

Bank and FinTech collaboration is accelerating digital transformation by combining innovation, regulatory expertise and secure technology to deliver more efficient financial services and foster sustainable growth.

Summary

    Collaboration between FinTechs and banks combines the agility and innovation of FinTechs with the stability, regulatory expertise, and trust of banks, creating opportunities for mutual growth. By working together on projects such as secure data exchange, financial institutions can accelerate digital transformation, enhance operational efficiency, and deliver innovative services to clients.

    At the ABBL, we have noted an increasing openness among banks to embrace such partnerships. Our recent study with KPMG on the digital transformation of private banks highlights this trend, revealing that 74% of respondents are already leveraging FinTech solutions to meet the demands of tech-savvy clients.

    Arnaud Clément

    Arnaud Clément

    Head of Payments and Innovation, ABBL

    Published on 02 December 2024