Innovating financial services
Calyn Yap | 03 Aug 2018 00:30
In recent years, financial technology (fintech) start-ups championing the platform model have mushroomed, enabling users to search for, compare and even purchase financial services and products online.
These ‘platform businesses,’ according to online financial services marketplace BankBazaar International CEO Vipin Kalra, give companies vast opportunities for value creation and differentiation via technology.
A platform is essentially a medium that enables others to connect to it and can be found in a growing number of industries, such as social networking and e-commerce.
And this comes into play because of the rapid evolution of technology that is resulting in changing consumer behaviours and expectations.
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