This paper for Fintech 2.0 has been created by santander Innoventures, in collaboration with its partners Oliver Wyman and Anthemis Group.
Many fintechs have succeeded but today they are still operating only at the edges of banking. To help engineer more fundamental improvements to the banking industry, they must be invited inside, to contribute to reinventing our industry's core infrastructure and processes. That can succeed only as a collaborative endeavour, with banks and fntechs working together as partners.
This paper highlights the benefits of collaboration and identifies some of the opportunities dor profitable change in realising Fintech 2.0. We hope the whole industry -both banks and fintechs- recognise the value of this approach and join us in this collaborative journey to fintech 2.0