BBVA recently announced a banking platform in the U.S. complete with a full suite of products; business clients can gain access to more than 60 financial products and services, which they can then white label with their own brand; the move by BBVA is part of a wider shift in banking to platforms; platform models have already disrupted books, travel and stockbrokers; banking is next on the list and the big question is will incumbent banks be ready; figuring out how best to take advantage of this shift can help position banks as this change occurs; there are lessons all across the financial landscape for banks to learn from as they prepare for a different future. Source.
