“Each player in the ecosystem — whether it is a bank or NBFC or a fintech — brings to the table its own strengths. I think the problem happens when we all think we are ‘superman’ and we can do everything,” Parag Rao, group head, of payments, consumer finance, digital banking, and IT at HDFC Bank”

Hence once again proved— The future success of the financial sector depends on collaboration rather than mere competition.