Interview with André Renfer on Finstar's strategy
With the opening of its overall banking platform and the establishment of its award-winning ecosystem, Finstar is well prepared to meet the challenges of the decade ahead. The foundation for this strong future was laid early on and has been consistently pursued at all levels.
Innovate and optimise
According to Renfer, the challenges in the cooperation with Fintech companies lie less in the technical than in the regulatory area and in the coordination of processes. In addition, Fintech companies are faster and more straightforward for various reasons. They thus put additional pressure on the internal organisation to continuously innovate, optimise and consistently work on the future of the Finstar banking software. It is becoming more modular and flexible, even more efficient and can be configured from the overall system down to individual products and services in a bank-specific manner. Cloud computing and block chain, service strategies and ecosystems make these developments possible in the first place, while at the same time placing new demands on banks and software houses. Those with a clear vision and a stringent strategy are prepared for the banking of the future. Being a bank and software company in one will be a decisive advantage for the new decade.
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