Main Menu
Download Print

Client Alert Update: FinTech & Bank Partnerships

Photo of

Action Items

If your bank is considering partnering with a FinTech, evaluate the following:

Recently, the FinTech business model shifted from disrupting banks to collaborating with them, whether in payment services, e-lending, customer experience, data analytics, insured depository support, or in other areas. Consequently, our Financial Institutions Group attorneys are working on a wide range of partnerships and related agreements between banks and FinTechs. Additionally, our clients and our attorneys are receiving more and more inquiries from FinTechs wanting to partner with banks. From our experiences, and as reiterated at the recent FinXTech annual summit in New York City that our attorneys attended, there are four main considerations for partnering with a FinTech. While partnering with a FinTech can be accretive to a bank and fit squarely into the bank’s strategic vision, banks should consider the following when evaluating any potential FinTech partnership or agreement:

We Can Help You

Currently, our Financial Institutions Group attorneys are working on a wide range of partnerships and related agreements between banks and FinTechs. Please contact us if you are interested in discussing any potential FinTech partnership opportunities.

Subscribe

Related Industries

Back to Page