The fintech sector was already booming, but with increased demand for user-friendly, digital financial services, the pandemic really pushed many new and innovative solutions into mainstream use. It’s understandable that banks could see this as a threat — drawing away customers and even potentially rendering their services obsolete. But, instead of feeling threatened, some are taking a very different approach: if you can’t beat them, join them. Unlike the world of big tech, rather than simply acquiring them, banks like ABN Amro are looking to form mutually beneficial strategic partnerships with fintechs offering key services for their customers. Innovations like…
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