Banks Are Getting In Bed With Fintechs And They Like It
It’s understandable that banks could see this as a threat — drawing away customers and even potentially rendering their services obsolete. But, instead of feeling threatened, some are taking a very different approach: if you can’t beat them, join them. Unlike the world of big tech, rather than simply acquiring them, banks like ABN Amro are looking to form mutually beneficial strategic partnerships with fintechs offering key services for their customers....