Management consultancy Axis Corporate partners with FinTech firm Aicura

Challenger banks are increasingly putting traditional institutions under pressure with agile operational models, however they should not be blindsided to further digital transformation in order to maintain their own growth. In order to tap into this demand, Axis Corporate and Aicura have announced a partnership designed to help Banks on their change journey.

Across the banking landscape, new challenger banks and FinTechs are attacking the business models of banks where they can make a difference. In retail banking, the trend is visible across the value chain, from customer contact and lending to mortgages, payments and alternative financing.

Challenger banks threaten the market share of traditional banks as they are able to involve customers in product design; identifying their needs and deciding whether to develop in house or bring in external solutions. Being smaller should allow for greater agility, meaning challengers are better able to keep up to date in desired segments.

However, challengers cannot just rely on these factors in order to leapfrog the banking industry’s Big Four. Their long term success will also require a rethink of current Procurement, IT, Transformation and decision-making processes to prevent their innovation and change capacity being stifled by committees and limited Fintech partner financial runways.

In order to help challenger banks in their quest to supersede market incumbents, management consulting firm Axis Corporate has partnered with Aicura Solutions. Founded in 2009, Aicura Solutions is a London-based FinTech prototyping company, which focuses on the financial services sector, serving clients who are looking to quickly create new customer experiences through API management and banking sandbox initiatives. 

Pablo Cavia, Director, Axis Corporate said of the partnership, “We are delighted to be working alongside Aicura, who are changing the way banks design and evolve their customer experience approach. It is so impressive, to see ideas come to life within a few weeks. Eva and the team have an infectious energy and curiosity with a deep understanding of banking and technology. Combined with our business consultancy capabilities, we both see this partnership as a great fit. Together we can help accelerate change for our clients by providing a road map with transformation solutions which can give our clients a competitive edge.”

Eva Rossmar, CEO and Founder at Aicura, added, “Partnerships are a key component of our growth strategy and every once in a while we come upon a company that is a perfect fit – we are extremely happy to be working together with Axis and combining our fintech platform and delivery capabilities with their professional, helpful and down to earth approach to consultancy. Working closely with Pablo and the team to create truly transformational experiences exclusively for financial services has been a pleasure for us and we look forward to continuous growth and innovation together.”