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Banks and fintechs must revise expectations

July 17, 2017

As customers, competition, and regulations intensify with every new technological advancement, banks and fintechs must reinvent their relationships with each other.

This will involve entirely new approaches to regulatory development and vendor-bank agreements. In many organizations, basic cultural changes from top management on down will also prove necessary.

These were among the observations of a panel consisting of a bank chief innovation officer and a cofounder of a fairly large fintech consulting firm.

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