Fintech Bridge: How to establish interaction between banks and businesses

Banks and businesses often do not fully understand each other due to different approaches, which complicates their cooperation. On the one hand, banks offer ready-made solutions developed for mass use. On the other hand, companies expect an individual approach and a deep understanding of their processes. That results in a gap: banks do not always know how their products work in real business, while entrepreneurs do not know how to seamlessly integrate banking instruments into their operations and to use them as efficiently as possible.How to solve this problem and build a technological bridge between business and banks, explains Artem Shelengovsky, CEO of true.code, an IT-firm.

Banks and businesses often do not fully understand each other due to different approaches, which complicates their cooperation. On the one hand, banks offer ready-made solutions developed for mass use. On the other hand, companies expect an individual approach and a deep understanding of their processes. That results in a gap: banks do not always know how their products work in real business, while entrepreneurs do not know how to seamlessly integrate banking instruments into their operations and to use them as efficiently as possible.How to solve this problem and build a technological bridge between business and banks, explains Artem Shelengovsky, CEO of true.code, an IT-firm.