Fintech and banks: Are they financial partners or rivals?

As banks embrace fintech, the challenge is balance — fostering innovation without letting the speedboats outrun the mothership.

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One question we should be asking ourselves as more banks launch their own financial technology or fintech subsidiaries is whether it creates a conflict.

Are the fintechs competitors to banks, or are they partners complementing each other? How are the symbiotic relationships between banks and fintechs being handled?

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