While digitally-native disruptors make it look straightforward, transitioning, from transactional relationships conducted via few channels to partnership-based ones conducted via many channels, can be tricky. (After all, those digital natives has tech stacks built for that exact purpose). This is seeing many traditional players enhancing their positions through strategic acquisition.
“(It) anchors our European open banking efforts and allows us to continue to meet our customers where
Craig Vosburg, Chief Product Officer, Mastercard following the company’s acquisition of Danish open
banking firm, Aiia