Several banks of all sizes have found meaningful partnerships with fintechs as a way to enhance their abilities without straying from their persona as a bank. The OCC has also opened the door by publicly stating their willingness to be more receptive for fintechs to integrate with banking and to actually get their own charters.
Let’s look at some instances in the discussion where fintechs have partnered with a bank. Do some research and discuss the bank and the fintech company and what their partnership is providing to consumers. Has it been successful so far? Have their been any issues?