Trend Report

Marketplaces Bring Benefits To The Whole Financial Services Ecosystem That Will Propel Their Growth

Jacob Morgan
Dec 04, 2019

Summary

Customers expect choice, convenience, and simplicity when looking for products and services — and marketplaces deliver this. Marketplaces are a ready-made environment to create value for both financial services buyers and sellers. Focus on your core proposition and meet broader customer needs by offering third-party products and services in a marketplace. Look to digital businesses like Paytm, Stripe, and Xero for lessons on extending customer value via marketplaces. Expand your business model into adjacent areas and segments with a marketplace.

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