HOW THEY SHOULD GO ABOUT IT

Business Today - - FINTECH SPECIAL PUBLIC SECTOR BANKS -

Start en­gag­ing with fin­tech play­ers and fo­cus on things such as in­ter­nal in­no­va­tion teams and set­ting up in­no­va­tion labs

Hire tal­ent from out­side, es­pe­cially dig­i­tal of­fi­cers, data en­gi­neers

Learn from pri­vate banks/en­gage with fin­techs whose ser­vices have al­ready been tested by pri­vate sec­tor banks

Tie up with ag­gre­ga­tors to use them as the front end

Use big data to fa­cil­i­tate faster pro­cess­ing of a large vol­ume of struc­tured/ un­struc­tured data

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