BANKS IN DISTRESS? WHY PARTNERING WITH FINTECHS DRIVES INNOVATION AND CUSTOMER LOYALTY
Financial technology (fintech) is making big waves in the financial services industry. Now that over 7,500 fintech firms across the world have raised over 109.8 billion dollars in funding¹, traditional financial institutions like banks are starting to pay closer attention. Banks, for quite awhile now, have been the only game in town. Banks house the rails on which currency travels for ACH and wires. They enjoy long-standing lending relationships with businesses and consumers...
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