Businesses of the Future..
#Business of The future” especially for #FinTech, is #Platform and #Aggregator business. Standalone products will not survive unless operating in a niche segment or having licenses as an entry barrier.
Best strategy for an organisation will be to get license, Define regulatory restrictions on the platform and then open its platform for innovation to offer platform as service.
If incumbent organisations with such stature are not opening their platform, they should be ready to close their business very soon.
Businesses can not say, since they do not understand the platform business hence they will not be impacted. “Ignorance is not a bliss anymore”.
Even in #Lending, #Payments, #Insurance, #Banking, and other Financial Services, Aggregators and Platforms will ultimately win than individual players.. #Ideas4FinTech.
Please share your thoughts..