It’s been amazing to see how the fintech industry has evolved over the past four years. Back then, the mantra of many fintech firms when it came to financial institutions was some form of “we’re going to eat their lunch”. Matchi had a different take on this, and believed from the start that the real way forward for the fintech industry was collaboration.
There was once a time when the term “silos” was a corporate buzzword coined to chastise internal departments in large organisations when they refused to collaborate with each other. This internal sharing caused a wave of change in most organisations, not without resistance. That was a simpler time. Now, large organisations (like financial institutions) have extended this line of thinking to collaborating with single companies outside of their own in order to reach their strategic goal. Not without its complexities and risk, this transformation has laid the groundwork for another way of change: large organisations collaborating with companies outside their own to bring superior products and services to the consumer faster – helping complex organisations meet their customer’s expectations.
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