Mobey Forum, the industry association that empowers financial service providers to use mobile technology, has launched a new Banking Disruption work group that will help evaluate market disruption.
The new entity will focus on various market disruptions in diverse areas, including lending, payments as well as personal finance management.
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Banking Disruption work group co-chair Zaf Kazmi said: "As always, we’ll be examining the latest fintechs and start-ups, but we’ll also be exploring how more established companies are staking their claim in the traditional banking market, together with how banks are responding with their own initiatives. Our goal is to identify the winning propositions and between us develop an understanding as to why they have succeeded where others have failed."
The new work group intends to help member banks and financial institutions of the association gain meaningful insights to build their go-to-market strategies.
Mobey Forum executive director Sirpa Nordlund said: "There are so many points of disruption in financial services today that it no longer makes sense for us to zero-in on just one or two disruptive technologies.
"Our members need a more holistic environment that enables them to explore, debate and learn from one another on a wider range of topics, from new business models and the value chains they create, to the array of digital channels and technologies that support them. The Bank Disruption working group reflects this need."
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