Frenemies – The Tenuous Relationship Between Financial Institutions and Fintechs

Christopher D. Ford - Banking Exchange
December 17, 2019

Consumers are demanding new and faster ways to complete their transactions, whether in-store or online. While traditional financial institutions (FIs) have historically driven changes in payments and transaction methodologies, over the last decade, smaller more nimble technology-driven companies (often startups) have risen to meet those demands. These companies—known as Fintechs—are disrupting the traditional FIs’ hold on the payments landscape.

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