Transforming industries into collaborative eco-systems
We have worked closely together with the banking and finance industry over many decades. The industry has seen a significant transformation driven by digitalization and automation, while managing to maintain its customer base despite attacks from several other industries. In addition, looking specifically at the Norwegian payments industry, it is clear that it has made a number of strategically wise moves (proven over time) that have made it significantly more productive than its European counter parts. The cost related to payments systems as share of GDP in Norway (0,49%) is almost half of the European average (0,96) and significantly lower than Sweden (0,68%) and Denmark.
Our point of view is that this is the result of a conscious strategy based on collaboration. And although things are not the same today, we belive there is a lot to learn from what this industry did. After all, not all is new under the sun.
Read our key take aways in “Transforming industries into collaborative eco-systems”*:
(Click to view presentation in pdf)
*The document is in Norwegian, please contact us for an English version.