Achieving speed
Speed to market seems to be every would-be partner’s favourite selling point and promise however, there are some fundamentals that need to be in place for any team to deliver on that assurance.
First, the best partners will have done it before. Yes, some people have launched a digital bank before, but some have done it more than others and at greater scale and degrees of success.
Second, there is no replacement for the ability to combine that kind of experience with people on the ground able to help define new digital banking propositions for the market or region.
Speeding market entry today is also aided by having a lot of experience in regulatory compliance across different markets and the ability to tailor requirements at pace.
With so much of the anchor product’s success tied to customer experience, an entity will likely want a partner able to help them champion the user experience and be able to deliver customisation in dynamic fashion.
Unlike the trailblazers of the past who had to iterate and build so much on their own, APACs next wave of digital banks will benefit from a more developed ecosystem of players, a range of ready-to-go white-label solutions and the help of deep domain experts to assist in defining and enabling their vision of best-of-breed digital banking for their market and time.
About Edwin
Edwin Poot is seasoned financial technology executive with over two decades of experience working across the evolution of the fintech, telecom, energy, and e-commerce industries. Prior to joining Thredd as their Global Chief Technology Officer where he leads the evolution and delivery of the company’s product platforms, modern technology stack and international expansion efforts, Edwin served as VP of Product & Technology at Nubank and as Chief Architect at Booking.com where he played a pivotal role in driving technological innovation and growth.
