Creative Tension Shapes the Fintech-Bank Ecosystem

“From the traditional banks’ perspective, fintech companies are just a front-end customer acquisition tool and source of cheap deposits, or a potentially strategic partner, nimble enough to keep the incumbent ahead of the curve and remain relevant. There is a category of banks I call the “fintech enabler banks,” or, “ small banks you’ve never heard of ” that power much of the fintech industry. These banks operate largely behind the scenes, partnering with challenger banks or fintech firms that serve specific verticals—think online lending or wealth management—in order to offer adjacent banking products and services.”

Creative Tension Shapes the Fintech-Bank Ecosystem
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