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What is Banks Expanding into Ecosystems and Adjacencies about?

Banks are expanding beyond traditional banking services into new adjacencies like accounting, cash flow analysis, and mobile money management apps. This allows banks to strengthen relationships with existing customers, gain additional customer data, and generate new revenue streams. Some banks have partnered with companies in non-financial industries, like mobile phone services and healthcare, to offer bundled services. By building ecosystems of value across multiple industries, banks can protect themselves

Author

AMAN KHANNA

Language

EN