The rise of vertical platforms: breaking the integration bottleneck in banking

Episode 24 of Banking Reinvented tackles one of the industry’s most critical and costly challenges: integrations.In this episode, host Tim Rutten and Backbase CEO Jouk Pleiter explore the pitfalls of legacy systems, the rise of vertically integrated platforms, and how solutions like Backbase’s Grand Central are helping banks industrialize their integrations to accelerate time to value.

Tune in to learn how your bank can streamline operations and allocate resources toward innovation to create future-proof, customer-centric solutions. 

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(00:00) - Welcome to the ‘Banking Reinvented’ podcast

(03:23) - The legacy trap and its impact on banks

(04:43) - Why IT budget spend on integration is a problem

(05:59) - Introduction to Grand Central as a vertical integration platform

(12:14) - Benefits of industrialized integration for faster time to value

(17:30) - The marketplace model: simplifying fintech procurement

(19:41) - Benefits of industrialized integration for faster time to value

(21:30) - Key takeaways

(23:42) - Closing thoughts on innovation through better integration

(24:03) - Episode wrap-up