How Bank-Fintech Partnerships Make Banking Better For Consumers And Small Businesses

A fundamental shift is happening as more Americans move towards digital financial services. Eight in ten consumers use a fintech product to manage their finances, and businesses benefit from access to a wide range of services to improve their financial operations.

Despite recent statements that missed the mark from Federal Deposit Insurance Corporation Chairman Marty Gruenberg, bank-fintech partnerships are a significant reason digital financial tools are so popular and widely available. That’s because fintechs are safe, sound, and regulated. More specifically, fintechs can partner with banks to provide best-in-class technology that helps consumers and small businesses alike.