With PSD2 and Open Banking set to expand the market for fintechs and traditional players, larger banks are facing the decision to build, buy or partner with innovative fintechs to ensure their considerable customer base remains loyal. During Spotcap’s round table, we heard from companies on the front line of this evolution of financial services. Our five panelists from Spotcap, Deutsche Bank, McKinsey, Figo and GP Bullhound discussed how the ecosystem model will evolve, the challenges and opportunities on both sides, and what it all means for the consumer. The discussion was moderated by Nadine Schimroszik, IT Correspondent at Reuters.
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