Thread by @RyanZagone

1/ A #bank #strategy view for discussion. (Tear it up twitter!)

Many bank/fintech partnerships coming in 2H

Bank are being squeezed by:
-Many open infrastructure projects
-Covid accelerating digital needs
-Suddenly tighter budgets

Market is primed for tech challengers

2/ With this squeeze and to keep fintech and big tech from taking further wallet share...

banks to lean on partnerships that can be rapidly deployed and keep the bank front of mind for the customer.

3/ Many past bank projects digitized the front end. The back end remained unchanged & now a painpoint.

Good time for deals/fintechs that modernize or outsource back end processes to improve the full bank CX

4/ The Chase <> @Marqeta deal is a good example: allows rapid virtual card issuance that can immediately be used w/ Apple Pay. Ideal for corporates and SMEs in a remote world + matching the immediate card use capability of Apple Card