Financial institutions continue to embrace collaborations and integrations with FinTechs, but this week, U.S. Bank elevated that strategy with its FinTech acquisition. Plus, Brazil takes its next steps in open banking, and more bank-FinTech tie-ups emerge. U.S. Bank Acquires Bento Technologies As more financial institutions...
The construction sector is among the oldest of trades, so it’s not shocking that around the world, construction workflows continue to rely on outdated processes. Though understandable, more businesses in this arena are finding it unacceptable — especially as B2B payment delays create cash flow...
Legacy financial institutions (FIs) continue to find value in adopting the technologies their FinTech peers have developed. But this week’s roundup of the latest in bank-FinTech pairings also reveals the power that tie-ups can have to co-create a new solution. Plus, Canada inches closer toward...
SWIFT’s latest product launch signals its continued efforts to accelerate and boost transparency in global B2B payments. But it’s also a reflection of the importance of industry collaboration between banks and FinTech innovators, with traditional financial institutions (FIs) often an important vehicle to test and...
July 19, 2024
In a business landscape that moves fast, standing still can be fatal. Digital innovation has sharpened the knife of inertia, and the collaboration between traditional banks and FinTech companies is becoming crucial for competitive differentiation. The partnership between banks and FinTechs allows each party to focus on its core strengths. Banks can continue to offer […]
July 07, 2020
The digital transformation of financial services that began well before the pandemic has only accelerated in recent months. There’s no shortage of disruptors — particularly neobanks that promise to change...
March 04, 2020
The digital transformation across any number of verticals — from retail to healthcare — has fostered a consumer mindset that demands deep engagement, speed and convenience. And while the headlines...
December 06, 2019
The past few years have seen contentious relationships between financial institutions (FIs) — particularly larger ones — and data aggregators. At a high level, FIs have been concerned about how...
