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Vice President, Financial Services Kim Muhota was recently interviewed by Banking Dive on what lessons US financial services companies can learn from the collapse of Wirecard.
The key takeaway Kim highlights is how crucial it is to have a wide variety of product and service offerings. He explains this saying, “It’s really just a risk management play — the classic, don’t have all your eggs in one basket. Having a diverse portfolio of third-party providers would have prevented the scenario in which many U.K. fintechs found themselves.”
You can read the full article with all of Kim’s insights here.
Kim Muhota is Vice President in the Financial Services practice of SSA & Company