Driving operational efficiency and profit margins in financial services through consortia e-Marketplaces
Abstract In the fast changing financial services industry, technology is a key enabler. It sure has boosted businesses by evolving new channels, products and various service platforms. Financial service institutions were slow to join this trend. They were rather forced to join as the new trend brought increasing pressure on their businesses. Gradually through the trial and error method adopted, financial services institutions could evolve the right strategy. As a result evolved consortia-led e- Marketplaces. Currently, there is confusion in the e-Marketplaces. But it is sure to go places once the initial hiccups are overcome.
This white paper defines e-Marketplaces, its evolution, the challenges it faces and the new trends in e-Marketplaces. It also describes the future opportunities involved with e-Marketplaces.
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