General high level eco system of FinTech is provided in above diagramIn FinTech domain considering vast types of service bouquet there is a need to have strong eco system between multiple stake holder.
Aggregator is the word visualized first when building eco system of stake holders in general. And this Aggregator role is context driven since there are multiple types and levels of aggregator presence is possible.
This article attempt to bring multiple roles and aspects where aggregator presence is possible in FinTech eco system.
From this high level there are multiple aggregator roles possible for end to end solution, and below table is not limited there could be multiple innovative option one would get to form beneficial eco system involving aggregators,
|Customer aggregator||Collecting customers and forming logical user base. E.g. Students from a college, Formers of association.
This will be logical aggregator of customers
|User aggregator||Collection of users with defined service offerings. E.g. Bill collection agents, Service agents, customer onboarding agents. Distributors of particular geographical zones|
|FinTech service provider aggregator||Service aggregator providing recharge, bill pay, money transfer, cash-in/out, premium collection, customer onboarding|
|Specialized service aggregator||Specific service aspect, which is not necessarily direct financial service, e.g. Biometric authentication, vehicle registration, Credit/Debit card authentication, AML/Fraud detection analytics engine, Loyalty system provider, virtual card vendor|
|Services offering seamlessly through multiple channels like Web, Mobile App, USSD like channels|
|Utility service aggregator||Notification, branding, marketing, customer communication like utility service aggregator as one solution|
|External Fin Tech aggregator||Core Banking system, Bank switch, Card switch, Insurance companies, international transfer switch across countries, mobile wallets, closed/open value stores|
|Pre paid voucher vault distributor||Integrated pre paid voucher re-distribution service providers, so that would become single point of contact for multiple pre paid voucher vaults|
|Ticketing aggregators||Integrated aggregators for multiple ticket issuing services|
The advantage to form eco system with aggregators is multi folded.
In addition to aggregator there are other roles which are important to form eco system
At Teknospire we believe in forming efficient eco system in multiple ways of with roles.
and believing in win-win situation creation without creating business conflicts with other partners and aggregator solutions.
With this approach could able to establish considerable and sizable offerings across African countries as live case study with our NDASENDA flagship product.