

Fintech partnerships in the Open Banking era
There are both positive and negative outlooks regarding partnership prospect between incumbent banks and fintech startups. There is a huge potential for banks to partner up with fintechs since fintechs can help banks offer specialized services and improve customer experience. By acquiring the technology and customers from fintechs, banks can bring products to market faster and save time and resources to develop the products themselves. Incumbent banks may perceive some fintec