Digitization of the Financial Supply Chain: Whole is Greater than the Sum of the Parts

2:30 p.m. - 3:15 p.m.
A new era of collaboration and partnerships is seen across the board from the bleeding edge of technology to the transformation of traditional workflows. It is clear that the whole is greater than the sum of the parts of banks, digital giants, and fintechs. Banks and third-party providers need each other to realize the full potential of powerful technological advances and scale them. A prime example is seen in the digitization of the financial supply chain (from procurement and financing to payment and reconciliation). Two trends are converging and accelerating progress. First, numerous ecosystem players from fintechs, ERP, and accounting software providers to banks recognize the operational pain along the chain and are striving to remove it. Second, software as a service, cloud computing, and APIs are facilitating partnerships along the chain. Being a leader in digitizing the financial supply chain is a powerful value proposition. Not only does it enable a bank to migrate from being product-centric to being customer workflow-centric, it also generates new revenue sharing opportunities as well as the potential to attract new customers.
Hear from industry leaders how they and their partners are successfully realizing the potential to transform the customer experience along the financial supply chain.