The fintech industry finds itself at a crossroads right now. Despite the number of financial institutions willing to work with startups increasing every quarter, there is still a large battle ahead. Shaking up the financial industry is a delicate balancing act. Although collaboration is the buzzword right now, the battle lines between banks and fintech startups have not faded by any means.
Banks collaborating with fintech incumbents is a positive trend. Entrepreneurs can use all the guidance they can get during the initial stages of their venture. Additionally, a willing bank partner can help with funding and other strategic needs over time as well. But despite this amicable situation, fintech and traditional finance remain at odds with one another.
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