Future of banking lies in ecosystems, not institutions

For emerging markets such as Kenya, where financial inclusion and digital adoption continue to advance rapidly, ecosystems offer shared growth.

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For a long period of time, businesses have operated within clearly defined industry boundaries. Organisations continue to operate independently within their own sphere of influence, banks providing financial services, school focused on education and telecommunications companies connecting people.

Today’s customers do not experience life through industries but through needs, moments and journeys. A parent paying school fees, or a patient seeking healthcare, does not think in terms of sectors. They simply expect services to work seamlessly together in processing this.

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Note: The results are not exact but very close to the actual.