The World Fintech Report 2020 has highlighted the need for banks to enter into partnership with fintech players in order to transform into agile and customer-centric organisations and remain appealing in a shifting business landscape.
The report by McKinsey Africa, stated that banks should also take on a specialised role, rather than a universal one by opening up their infrastructure for fintech players to integrate with and drive innovation that would apply specific solutions to sectors that are most resilient and more likely to be receptive to digital activities.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article