Fintech Innovations for Bank to Bank Offerings
Fintechs typically are small tech companies that emerge from the desire to solve a single problem - they are characterised by small staff complements and a single focus, often backed by private or venture capital investors to develop the product and take to market.
Their primary markets are larger banks and insurers. However, there is an increasing, albeit slowly, trend for banks to start monetising their own internally developed tech offerings which they offer directly to other banks as a service, or alternatively, allow them to participate in a banking ecosystem.
Here are a few fintechs that have been created or supported by banks:
Community Bank®: Social enterprise franchisee model
Full community retail branch model, based on shared reward for shared effort between the community and bank retail branch operation.
Fintech Themes: Bank in a Box, Financial Inclusion
Enable banking clients to make cross border peer to peer transfer payments via an extensive networks anywhere in the world
Fintech Themes: Not Specified
Operating system that bridges new and old technology to white label as a digital bank
Fintech Themes: Bank in a Box, Efficiency
Mobile payments that support local businesses and earns rewards that can be donated to charities
Fintech Themes: Mobile VAS / Mobility
Mobile payments at merchants by scanning a QR code
Fintech Themes: Mobile VAS / Mobility
