How Community Banks Can Find the Right Fintech Partnership

• Nov 22, 2019
• By Shondell Varciana

According to research from Fraedom, half of US banks are looking to improve their in-house technology skills with almost a quarter (24%) using fintech partners to do so. These partnerships would be particularly beneficial as, at present, 22% of banks feel they don?t have the expertise in-house to implement new technology. Collaborating with fintechs is a great opportunity for banks to address and futureproof their financial ecosystems, while making best use of the skills they have internally. Fintech partners can provide community banks with the technology and expertise needed to attract talent and new corporate clients. There is no doubt that fintech partnerships are becoming more common as banks realize that these relationships can help them achieve more than trying to do everything a...

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