Gulf News
Writing in Gulf News, BCG’s Bhavya Kumar and Martin Blechta outline why many banks are hesitant to fully engage with digital ecosystems. Concerns about cannibalization, the complexities of partner-based initiatives, and risks associated with departing from existing business models make it challenging for institutions to establish digital entities. Kumar and Blechta, however, say that by developing an ecosystem strategy, banks can leverage all the benefits of digital transformation and outperform competitors.