“As traditional insurers expand their ecosystems to remain competitive, they must increasingly consider the value achievable through trusted partners, including BigTechs, InsurTechs and non-traditional players."

"There is no one-size-fits-all approach, and banks cannot create all digital subsidiaries equally. Players capable of achieving long-term growth and profitability today will be tomorrow's fintech-era success stories."

“Fintech firms are finding success with a customer-centric focus that fills in gaps left by traditional firms."

Many understand that Open Banking is the new normal, but they are still unclear about how to proceed.