Banks can reduce time to market, embrace regulations faster, and generate new revenue streams by harnessing open innovation with the help of Virtusa. Virtusa’s Open Innovation Platform (OIP) helps banks and financial services firms in reducing time to test by 90% and time to market by 60%.
Through collaboration with third party FinTechs, banks have the ability to offer new products and services to their clients, drive new revenue streams, optimize back-end processes, and improve customer experience.
Virtusa strongly believes that banks should collaborate with FinTech’s to enhance their product offerings and build strong foundational technical components that can be quickly extended, modified, and adapted to the changing business landscape.
For a successful implementation you will need to: