An Innovation Mindset is Needed in Payments
Banking Transformed with Jim Marous
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Mobile Payments - What's Going on Behind the Scenes?
We're seeing massive changes going on behind the scenes as finance institutions try to modernize their back office for the future payments. I think every single large bank in the country has some sort of digital transformation project going on. It can't take 18 to 24 months to launch something new when competitors are launching it in six months or maybe a FinTech is launching in three months. The bigger banks need to get faster, but they have the budgets to build whatever they need. But if you're a regional bank or a smaller bank, you don't really have that.
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