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Digital Centralization

During the past seven to ten years, the word 'fintech' went from being used by a small number of experts to being mainstream and trending among the general population. New market needs emerged and paved the way to the advent of increased digitization. But if the current fintech technologies allow banks and financial services providers to fully cover their needs, the question of data and functional centralization is now emerging.



As stated in a report from Deloitte, before 2014-2015, the word 'fintech' was anecdotal in the online search engines, although the industry had existed for more than 20 years, especially covering marketplace lending and payments.

The rise of awarness observed in 2014-2015 correlates to a massive increase in fintech creations: there were 4 times more fintech companies founded in 2014 compared to 2008.


When this trend emerged, the fintech industry was mainly focusing on payments and services to end-users. The idea here was to provide new services or ease the access to existing ones. Nowadays, fintech seems to be focusing on niche and disruptive features which is made possible by the use of modern technologies such as APIs, AI, NLP, ML etc.

Being a bank or a financial services provider, it is now possible to implement a software application that will provide a state of the art solution for any step of your internal and external processes, and maybe even fulfill needs you did not even know you had!


In front of all those brand-new technologies and features, it becomes even more important to have a way to centralize the information. It is essential to make the most out of the bank’s data, whether it is coming from fintech or from its internal production, and make it available through dedicated cockpits used by the relevant persons. The more software technologies and systems you have, the more complex it is to use their output efficiently...


To read more, download our whitepaper.


Whitepaper_Digital Centralization_New Access_05_2022
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