The group is now building its own fintechs to complement and disrupt itself, and the sector. The bank felt that a corporate start-up studio to build its own fintechs would preserve the natural advantages of the independent model while also layering it with a set of advantages from the bank for the future start-ups to be launched.
Advantages include expertise and reputation on the financial market, authorisations and certifications and access to a well-established distribution network, among others.
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