We believe financial institutions need to deliberately partner with Data and AI startups to fend off Big Tech Financial institutions are under tremendous pressure: The emergence and penetration of international Big Tech firms in financial services will create the toughest competitive pressure FIs have ever had to face. Data and AI are critical enablers of FIs' transformation: AI and fintech will be one of the main enablers to decrease costs, increase revenue and enhance client experience in the financial services industry. Collaboration in financial services is key: Financial institutions need to simultaneously transform their front and back office, while running day to day operations. Outside talent and technology enable them to accelerate their transformation agenda efficiently.
