My advice is that fintechs are there to fix the things that banks do badly and offer service to those who banks don’t serve. Yet, given all of this, there is a debate that started recently about whether fintechs are competing with banks, disrupting banks, partnering with banks or are just suppliers to banks. Nevertheless, there are a few interesting insights out there and, as often is the case, Ron Shevlin sparked a debate about whether fintechs are partners with banks or just suppliers. 2024: The Beginning Of The End Of Bank-Fintech ‘Partnerships’ (forbes.com)Ron claims that “many bank-fintech partnerships aren’t really partnerships—they’re client-vendor relationships”. #pointmadeOh, and just by the by, fintechs are partners, competitors and suppliers.

Source: Forbes December 19, 2023 09:15 UTC