Financial services Quote by Sergio Ermotti
“There's no understandable reason why the financial services industry has not developed a more comprehensive sharing of the value chain.”
About This Quote
Source Interview: Financial Services Conference, 2021
The industry lacks comprehensive value‑chain sharing, missing opportunities for collaboration and efficiency.
In simple terms: Banks don’t share enough value.
Promote open data and partnership.
Themes
Mood
Type
When to use this quote
- banking
- technology integration
- regulation
- customer service
Key Concepts
Questions to Reflect On
- What incentives could drive sharing?
- How would customers benefit?
Competitive secrecy may hinder sharing.