More and more companies in most major industries are looking to build or partner in platforms. As they do, new and fast-emerging, cross-industry digital ecosystems are emerging around them. Such digital ecosystems all need financial services and will likely spur the next major stage of banking disruption.
Because ecosystems are inherently tied to industries and business models, traditional banks are particularly well placed to predict ecosystem movement and redirect their own strategic actions.
While there is no crystal ball that bankers can look into to know the future, they can adopt a few new strategies and adapt their organization to gain a proactive grasp on the upside of disruption.
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