FinTech 2017: how digital transformation challenges of banks will lead to acquisitions

As mentioned on our FinTech page and confirmed by, among many others, the World Retail Banking Report 2016, partnerships and collaborations in various forms and shapes are the future in the relationships between banks and FinTechs.

Several examples have shown different approaches and virtually every analyst is emphasizing the more collaborative approach. Yet, not all banks and regions are the same.

On September 15th, SAP announced an e-book by IDC, “The Future-Proof Digital Bank” (see below as well). According to the press release six in ten global banks are open to partnering with FinTechs. Note: as opposed to the World Retail Banking Report, the findings concern both retail banks and corporate banks.

 

Related Article:

https://www.i-scoop.eu/fintech/fintech-2017-digital-transformation-challenges-banks-will-lead-acquisitions/