Question

Cross-industry collaboration is becoming increasingly important in banking. What kind of

value propositions towards clients could banks build together with, for example, a telco,

retailer, mobility provider or energy company? Which client problem does it solve and how is

value created?

Answer 1

Banking companies are generally involving themselves into collaboration with other companies with different industries and when the banking companies are trying to collaborate, they will always be wanting to generate value for their stakeholders in the long run.

Collaborating with Telco retailer, it will help the bank in order to to maximize their client base and it will also help the bank to provide various kinds of facilities in collaboration with the the telecom company like recharging the telecom company online and providing with electronic shops and they can also enter into optic fibres business.

When the banking company is collaborating with the mobility provider, then banking businesses are providing itself a platform for mobile banking as well as they are also providing themselves a chance for maximizing their reach and generate new customer base and it will generate value for those customers who are continuously using mobile phones.

When the bank is collaborating with the energy company, banks can enter into renewable energy business and it can also explore the solar business and it can also encourage itself into reducing of various cost by generating of environmental friendly businesses.

Hence, all these collaborations will be leading to create value for the stakeholders of the business if it is leading to a higher market base and it is also looking for a maximization of the profits.