2024: The Beginning Of The End Of Bank-Fintech ‘Partnerships’

OBSERVATIONS FROM THE FINTECH SNARK TANK

Prediction: By the end of this decade, bank-fintech partnerships will be a thing of the past.

This prediction flies in the face of recent industry trends. Fintech partnerships have been an important objective for banks for the past few years. Cornerstone Advisors’ 2023 What’s Going On in Banking study found that 70% of banks said partnerships were important to their 2023 business strategies, up from nearly two-thirds in 2022.