In order to fulfill the digital wishes of corporate customers in the age of digitization, financial institutions are increasingly relying on platform strategies. The majority of banks are currently focusing more on setting up and expanding their own corporate customer platforms with small and medium-sized corporate, business and commercial customers as a key target group. At present, these often still use the classic online branch, which is more geared to private customers’ needs. Setting up their own platform helps banks to be relevant to corporate customers in the medium to long term and ensures direct, immediate contact with them. The key here is for banks to consider the extent to which their own platforms meet the modern requirements and usage habits of corporate customers. Financial service providers are currently in the process of establishing platforms to which start-ups and a wide variety of payment providers or merchants can dock.
Mounting Volatility, Risk Management and the Fear Index: Why Financial Institutions Should Care
The financial markets will remain volatile in the long term due to political and environmental influences. Banks and financial companies must react flexibly to these uncertainties with modern risk management in order to remain competitive.
