What Banks can Learn from Fintech Startups

October 30 2017

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Today, a company can spring up in a matter of weeks. Perhaps a new idea is planted overnight during a hackathon and germinated in a garage over a couple of weeks using unlimited cloud computing power, free developer tools and open APIs. Then, the startup might get watered by incubators and accelerators like Idealab and Y Combinator, helping to direct the young company toward the sunlight while sprinkling it with occasional funding to grow its products and team.

The Composite Bank

the composite bank

Although we hear a lot about robots replacing jobs, most businesses are already well down the path of automation. Moving forward, businesses will continue to leverage advances in automation technology. However, the new frontier of competitiveness has shifted to product and service innovation. Success on this front goes to those able to create customer experiences that deliver insight and convenience. These experiences are created by understanding the lifestyle needs of mobile consumers, and strategically inserting services that satisfy these needs along the consumer’s path.

Achieving Digital Transformation Nirvana in Financial Services

Financial services information technology (IT) has transformed from order taker to strategic business partner. As part of this transformation, IT organizations are finding they must address key challenges with legacy modernization, data management and digital transformation.

MuleSoft has launched a three-part white paper series discussing these challenges and how financial institutions are overcoming them. In the first installment in our Connected Financial Institution white paper series,

SOA School: Put your SOAP to REST

The benefits of applying the principles of SOA when catering to the IT needs of your organization are clear in a business-driven, vendor-neutral architecture. It considers all requirements from the perspective of the business process and delivers implementations in order to automate the same. The implementations themselves, driven by the same SOA principles and goals, are not bound to any one particular vendor because they are intrinsically interoperable, that is,