“ When I look at digital transformation and being disruptive , it is important to move from a place where the digital and core businesses are not separate to be successful ”
— Mohammed Kamal , Senior Vice President , O & T , Mastercard cases the banks themselves are building new products based on this Open banking paradigm . The Consumer
Application division here at Mastercard is helping our partners do just that . More generally , in the industry , I am seeing an increase in partnerships and collaboration between banks , which are well positioned with bank grade security and safety compliance built-in , with fintechs that are providing customers experiences the banks have not been able to provide in the past . At Mastercard , we want to support all members of the open banking ecosystem . We ’ re focused on delivering solutions that will enable these experiences , whether that is delivered just by a bank , just by a fintech , or in partnership .”
With many organisations around the world being affected by the impact of COVID-19 , Kamal explains that
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