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The Unlikely Partnership Between Community Banks And Fintech That's Changing The Financial World
Fintech’s role as a disruptor in the financial space often aligns it with other technologies that have fundamentally altered the industries to which they were introduced. Just as streaming effectively drove video rental to digital-only, the promise of fintech is often portrayed as the displacement of stodgy brick-and-mortar banks in favor of primarily online banking.
While that’s certainly a component of fintech’s influence on the financial industry, the way in which it is playing out in lending—arguably the largest aspect of fintech’s disruption in finance—reveals a far more complex relationship between big banks, community banks and their fintech counterparts,
Read more at Benzinga.
Photo: Nguyen Hung Vu