The use of Banking-as-a-Service ensures sustainability
The long-term and systematic cooperation between the bank and third parties, as PwC defines strategic partnerships, determines the future of banking – “not only for ‘fully digital’ but also for hybrid business models,” says Richard Dratva. Depending on their requirements and strategic orientation, the respective partners enter into different levels of cooperation:
Richard Dratva, Chief Strategy Officer at CREALOGIX, said: “If the banks want to offer their customers a well-rounded and comprehensive financial ecosystem, they cannot help but look for cooperation partners because they cannot provide all the services themselves. Because one thing is certain: customers are prepared to change banks more quickly than in previous years if they are not offered what they expect”.
According to Richard Dratva, financial institutions needed a technological infrastructure in the form of a digital banking platform for outsourcing as part of a Banking-as-a-Service model. ” It orchestrates its own overall digital offering.” Such a platform goes far beyond simple API management and enables bank customers to obtain “all services from a single source, securely and at attractive prices”. Platform providers have created the conditions for the banking of the future. Now it is a matter of “the necessary flexibility and innovation” in implementation.
Full-length interview & study:
The full-length expert interview in German with Dr. Richard Dratva, Chief Strategy Officer, on “Strategic Partnerships in the Financial Industry” is available here: https://www.pwc.de/de/finanzdienstleistungen/studie-outsourcing-in-der-finanzindustrie-experteninterviews/interview-mit-dr-richard-dratva-von-crealogix.html
The study can be downloaded in German as a PDF here: https://www.pwc.de/de/finanzdienstleistungen/pwc-sourcing-survey-2018.pdf
Jasmin Epp, Group Communications & Brand Manager
I would be pleased to arrange an interview with the management of CREALOGIX for you. Please call me on +41 58 404 86 52 or send me an e-mail to: email@example.com
The economic projections and predictions contained in this information relate to future facts. Such projections and predictions are subject to risks, uncertainties and changes which cannot be foreseen and which are beyond the control of CREALOGIX Holding AG. CREALOGIX Holding AG is therefore not in a position to make any representations as to the accuracy of economic projections and predictions or their impact on the financial situation of CREALOGIX Holding AG or on the market in which CREALOGIX Holding AG shares and other securities are traded.