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Banks rushing to collaborate with fintech startups

fintech

Collaboration with fintech startups is seen as a critical element in bank digital transformation strategies, according to a survey of financial executives conducted by IDC.

Six in 10 of the 265 global banks polled by IDC on behalf of SAP are open to partnering with financial technology firms. One in three banks (34%) are open to a collaboration with a fintech company and one in four (25%) would consider an acquisition, the survey found.
For more on this story visit the following link: Banks rushing to collaborate with fintech startups
Source: Finextra

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