Banks and fintechs: competition or synergy?

FintechBy: Farzad Didehbaz2 min readSource: IBENA
Banks and fintechs: competition or synergy?

1Introduction

Fintechs were first seen as bank rivals; today it is clear each has what the other lacks.

2Discussion

Banks hold licences, customer bases, trust and funding; fintechs bring agility, experimentation and user focus.

3Conclusion

Successful partnerships need standard APIs, clear data and revenue terms, and champions on both sides to move pilots into products.

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Sources

  1. IBENA ↗
  2. EcoIran ↗
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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