Neobanks and Fintechs

The digital metamorphosis observed over the last few years in Morocco and across the MEA region has inspired banking institutions to put the customer at the heart of their strategy

Traditional banks have long offered basic checking and savings accounts for teens. However, in recent years, fintechs and challenger banks have raised the bar on junior accounts.

By moving from a vertical approach based on traditional products to a customer-focused concentric approach, banks will be able to rethink their model and make it more robust by calling on FinTechs.

Our experts have put together a summary of the key news surrounding banking regulations and standardizations in 2019, and their outlook over the next few years.

Major institutions are abandoning their old core infrastructures in favor of new componentized strategies, known as coreless banking.

Popular with companies seeking to rapidly bring their solutions to market, co-design is proving to be a powerful tool when it comes to supporting banks with their digital transformation strategy.