Business
Big four embrace fintech nirvana – The Australian Financial Review
Commonwealth Bank of Australia’s strategic partnership with two leading venture capital firms is the latest evolution of a world-leading fintech financing model.
Westpac and NAB have had successes with their approaches to nurturing fintechs but without the buy-in of senior management they have lacked the holistic thinking needed to seamlessly bring new ideas inside their bureaucracies.
CBA and ANZ have managed to build financing ecosystems that include direct investments in fintechs by the bank and partnerships with external parties with the job of investing capital in fintech start-ups around the world.
Focus on customers
This approach is creating a …
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