Existing FIs in home country possess legacy, brand and infrastructure. Focusing on staying relevant and responsive to dynamic customer needs, they are going digital, with an aim at attracting new customers and retaining existing ones.

They either leverage existing brand, legacy (to reduce customer acquisition cost) and infrastructure (to reduce operating cost) or create a new, revitalized brand while foraying into digital banking for unique positioning. Reduced cost for bank leads to better benefits passed on to customers.

Digital Bank model with risk management and regulatory reporting as a critical focus of bank and partnering with technology partners for customer acquisition, operations and product manufacturing

•Tenant banks are FinTech that offer end to end consumer or business digital banking services in partnership with a traditional bank.

•Capabilities offered would be a complete digital banking stack on top of existing infrastructure

•Bank branding is visible at the time of customer acquisition

•The bank manages backend operations in terms of account management, deposits, regulations etc.

Digital bank model with critical focus on enabling other banks or fintechs as partners by providing a platform for them to provide their services. Partners would primarily be fintechs which would otherwise be unable to provide their services without the platform backing.

•Rebel banks are traditional bank’s offering regulatory and banking infrastructure to FinTech and digital commerce companies to build solutions and services.

•Bank branding may or may not be visible during customer acquisition

•Different capabilities offered would be customer acquisition, KYC, Escrow, Fraud, Risk, AML, Cash Management etc.