Shifts in the mobility sector open opportunities for bold banks and insurers

Banks and insurers are increasingly recognizing the importance of the mobility sector. But many are struggling to overhaul their business strategies, designed for the traditional automotive industry, and deliver offerings that can win customers in a mobility ecosystem that is fast changing and becoming more complex.

To secure long-term revenues in the mobility sector, financial services firms need to rethink their business strategies, identify strategic roles in the evolving mobility ecosystem, team up with key partners and deliver offerings they can quickly and easily upscale. 

The rewards for banks and insurers that can meet the needs of the shifting mobility sector are likely to be substantial. But firms need to be quick. Already some financial services companies are seizing early opportunities and establishing themselves as key partners and innovators in the race to deliver new mobility solutions.