The status quo needs a reset – a love story 💓?

The ability of #legacybanks to innovate with the agility of disruptors (#fintechs) has long been perceived as an uphill battle.

Rather than being strictly out of competition, the best innovation comes where the demand lies and acting upon that need.

Some FinTech’s are set out explicitly to collaborate and not all FinTech’s set out to #challenge the banks, also many remain content to leave highly regulated core functions to the traditional players

In this sense, can this not be a perfect love story 💞?

This relationship in the time of COVID-19 can be even a perfect one by taking advantage of increased digitization, heightened customer expectations, and operational efficiencies. So what are the options?

Presenting this week’s #fincuts that lists the seven ways in which legacy financial institutions react to the idea of courtship with #fintechstartups

As banks face the twin challenge of COVID-19 and challenger fintech, they need to find a faster path to travel these 7 steps of not ignoring, finding, and investing in a partner for lifetime 🙂