About 11fs
11fs: Revolutionizing Digital Banking
11fs is a leading digital banking consultancy that is transforming the financial services industry. With a team of experts who are passionate about innovation and technology, 11fs is dedicated to delivering the next generation of truly digital financial services.
The company was founded in 2016 by David Brear, Jason Bates, and Simon Taylor - three experienced fintech entrepreneurs who saw an opportunity to revolutionize the way people interact with their money. Since then, 11fs has grown into a global organization with offices in London, New York, Sydney, and Toronto.
At its core, 11fs believes that digital banking is only 1% finished. While many banks have made strides towards digitization in recent years, there is still much work to be done. The team at 11fs sees this as an opportunity to create new products and services that will change the way people think about banking.
One of the key areas where 11fs excels is in helping traditional banks navigate the complex world of digital transformation. Many established banks struggle with legacy systems and outdated processes that make it difficult for them to compete with newer fintech startups. By working closely with these institutions, 11fs helps them identify areas where they can improve their customer experience and streamline their operations.
In addition to working with traditional banks, 11fs also partners with fintech startups and other innovative companies looking to disrupt the financial services industry. By leveraging its expertise in design thinking, agile development methodologies, and user-centered design principles - among other things - 11fs helps these companies bring new products and services to market quickly.
One example of this approach can be seen in how they helped create Monzo Bank - one of the UK's most successful challenger banks. Working closely with Monzo's founders from day one allowed them not only help build out Monzo’s product but also helped shape its culture which has been instrumental for its success.
Another area where 11fs is making a big impact is in the realm of open banking. With the introduction of PSD2 regulations in Europe and similar initiatives around the world, banks are now required to share customer data with third-party providers. This has created new opportunities for fintech startups to build innovative products and services that leverage this data.
At 11fs, they have been at the forefront of this movement - helping banks and fintechs alike navigate the complex regulatory landscape while also developing new products that take advantage of open banking APIs. By doing so, they are helping to create a more open and transparent financial system that benefits everyone.
Overall, 11fs is an exciting company that is pushing boundaries and driving innovation in digital banking. With its talented team of experts, global reach, and commitment to excellence - it's no wonder why they are quickly becoming one of the most respected names in fintech today. If you're looking for a partner who can help you navigate the complex world of digital transformation or if you're simply interested in learning more about how technology is changing finance - then look no further than 11fs!