Nitin Iyer, Head of GTM for Platform at Finastra joined us for a fascinating chat at a buzzy (and noisy) Fintech Talents Festival.
Platforms were much discussed and mentioned across six stages of content at the Fintech Talents Festival last month. It was great to get the inside view on their importance to innovation in fintech and financial services from Nitin.
Platforms play a key role in assembling the personalized, contextualized financial products that we – consumers and businesses – increasingly expect. In a crowded marketplace, the quality of what platforms can offer is crucial. The quality of the APIs, the quality of the data sets, how well they are documented, how agnostic they are, and the revenue models will be some of the hallmarks of those platforms that can stand out from the crowd.
Unbundling, re-bundling, new ecosystem partners, build vs buy, producers vs distributors and the persistent issue of legacy infrastructure – Nitin has some interesting views on where innovation will and does happen. As he says, ‘collaboration is the new innovation’. Yet, we are entering the type of macroeconomic environment that favours incumbent institutions. There are many factors to consider.
The future is open, the future is challenging, and the future is multi-layered. Listen to the full interview below to hear more.
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By Lisa Moyle, Chief Strategy Officer, VC Innovations