A Government-owned Financial Institution

Fail

The Problem

In the face of growing threats from digitization, this banking institution required support in deciding how they could move forward and adopt more user friendly and practical technologies to remain sustainable in the future.

Approach

The Approach

Acumen developed an off the shelf report showcasing the main fintech trends globally, regionally, and domestically, how these trends could impact the bank, and finally what directions the bank should consider to capitalize on these trends.

The Results

The recommendations provided by Acumen ensued in this entity establishing its first phase of digital services, with plans to launch 20 digital only banks by 2020. This bank is currently the only financial service provider with this option available right now.