How fintech firms are disrupting the corporate banking ecosystem

The new age companies use different tenets of digital technologies to keep them agile and keep the business model transparent to service the digital savvy customers effectively

Corporate banks in India face greater degree of disruption today than even before, thanks to the mushrooming of new age digital banking platforms and fintech companies. With no legacy system to drag them, these new age companies with their asset light models use different tenets of digital technologies to keep them agile and keep the business model transparent to service the digital savvy customers effectively. In their 2019 report Unlocking Success in Corporate Banking through Digital, Boston Consulting Group and SWIFT India have pointed out that corporate banks need to ride the digital wave by leveraging Big Data and analytics