It’s all about innovation through collaboration today. Where ecosystems are gaining prominence as the absolute way to succeed in the ‘new normal’.
Open X or Banking/Open Finance initiatives driven by regulators and/or by industry across the globe are also providing the right impetus towards this trend of collaboration. The end consumer has many more choices to bank now, with existing business models being disrupted.
Financial service firms are increasingly adopting the ecosystem approach to innovate and are collaborating with FinTechs and InsurTechs and other players inside and outside the industry. Technology vendors are facilitating this process by establishing an ecosystem which provides not only innovative solutions, but also the right partners to enable transformation.
Comply, Collaborate and Compete
TCS BaNCS has created an ecosystem for solution and technology partners who bring in the right innovations and enablers that can be quickly adopted by any financial services firm. The TCS BaNCS partner program evaluates, curates, and connects with prospective partners to compose new and innovative OpenX solutions, and jointly add value to the business of banks, financial institutions, and insurance companies. The TCS BaNCS Marketplace facilitates the easy discoverability of these solutions and APIs.
Please write to us at firstname.lastname@example.org if you are interested in joining our family of partners or in knowing more about the TCS BaNCS Ecosystem.