Banking on fintech: A powerful partnership

Key Points

  1. Banks are increasingly drawn to fintech partnerships to accelerate digital product development, improve time-to-market, and enhance security.
  2. However, many participants struggle to unlock the full potential of these collaborations.
  3. Common challenges include vague business need definitions, unclear performance metrics, and opaque decision-making processes.
  4. Achieving success requires a shift in focus from solely technological issues to prioritizing effective partnerships over just providing solutions.

Source: https://www.bain.com/insights/united-we-thrive-the-untapped-power-of-bank-fintech-partnerships/