Fabrick partners with Microsoft to accelerate Open Finance
is a believer in the power of integrated third-party developers to create better, more affordable and customisable products and services. Essentially, the company is dedicated to achieving a new standard in finance - modular, data-driven and guided by open technology.
“Fabrick is a partner for all those companies that want to pursue innovation projects while remaining competitive in strategic sectors for their business. In order to do this effectively, we identify market needs and develop a highly modular offer that guarantees the best customer experience,” Paolo Zaccardi, CEO.
“For us, the partnership with Microsoft represents an extraordinary opportunity to grow and strengthen our positioning in the market; we have found a valuable ally who, like us, has seen in technological evolution and Open Finance a new way to innovate the delivery of corporate services for the end-user.”
Open Finance: The future of innovation
Other compare Open Finance to a “sleeping giant” that shows great potential but hasn’t yet been sufficiently explored. This is being exacerbated by a general lack of awareness among the public. However, in an era where data is one of the market’s most abundant and valuable assets, the opportunity for FSIs to capitalise on the frontier is significant.
Microsoft Italy is apparently convinced of its potential and its partnership with Fabrick marks a key strategic shift.
“Fabrick perfectly embodies our thought that 'every organisation is a tech company.' This is indeed a very appropriate concept to describe an excellent company that has in its DNA the vocation for innovation as the key to transforming the financial services market to enhance openness and sharing,” commented Silvia Candiani, CEO of Microsoft Italy.
“By working as a team, we intend to contribute to the digital transformation of the sector with the aim of helping the many organisations operating in this area to offer increasing value to their customers, to lead their own financial strategies, and to optimise the management of their own resources safely and securely.”
Five minutes with Helene Panzarino, Associate Director, LIBF
Name: Helene Panzarino
Role: Associate Director for Digital Banking and Finance
Company: The London Institute of Banking and Finance (LIBF)
We all know the companies, but what about the people behind them? Here, we find out more about Panzarino’s background, why she’s an advocate for entrepreneurs, and her take on US community bank heroism.
Who was your childhood hero, and why?
My dad. It may seem a bit of a cliche, but for someone who left school aged nine, he instilled in me the value of education and self-belief. He also had enormous pride and confidence in me and my abilities. He was my biggest supporter and a wonderfully innocent and kind person who helped shape the person I am today.
What's the best piece of advice you ever received?
‘Mentors are great, but advocates are better.’ I discovered that it's much harder for entrepreneurs to find true advocates, so this is something I try to do for other people.
Which activity are you most looking forward to doing when the pandemic is over?
I can't wait to go to Terroni Brothers in Clerkenwell, London, for some authentic Italian pastries and an espresso that I haven't had to make myself! I wrote most of my books in cafes, and I find a change of scenery also helps me think outside of the box on all my projects.
Is there a personal achievement from 2020 of which you are particularly proud?
I am most proud of having my second book, Reinventing Banking and Finance: Frameworks to Navigate Global Fintech Innovation, published by Kogan.
This book's schedule was very tight, and I was fortunate to have Alessandro Hatami, a good friend and industry peer, as co-author. We've received industry accolades, powerful endorsements, and many compliments on the clarity of thought and content, so it made it even more worthwhile.
What inspires you in fintech today?
I am hugely inspired by the way community banks in the US have become the unexpected heroes of the pandemic, getting money into accounts quickly but also being there for their customers as trusted partners.
Many community banks have been big enough to recognise that they could do more to support their customers, and it has been hugely inspiring to see them partner with the fintech community to drive operational and customer service improvement.
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