Financial institution-FinTech partnerships have taken the banking industry by storm. Most banks and credit score unions now consider FinTech partnerships to be essential to their future success. But what sort of partnerships are we speaking about? And what drives the success of these partnerships? This study from Cornerstone Advisors, Content creation based mostly on a survey of 290 U.S.-based senior financial institution and credit union executives and interviews with execs with expertise with fintech partnerships, finds that:

«The way in which you manage 10,000 suppliers is totally different from the way you managed 10 know-how partners,» Piscini mentioned. «That is a big problem for big organizations: how do you handle your 10,000-supplier ecosystem versus the 10 relationships you had before. For them, it is not as much about expertise however what sort of innovation can I supply and how do I try this in an ecosystem that’s much more fragmented than it was once?»

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High Companies for Personal Finance