The growing number of partnerships between fintechs and legacy players suggests that incumbents believe there are benefits to working with new market entrants.
The growing number of partnerships between fintechs and legacy players suggests that incumbents believe there are benefits to working with new market entrants. Meanwhile, some of these collaborations are now established enough for those benefits to be measured, with a new survey from global law firm Mayer Brown showing where incumbents think their partnerships are paying off. The firm surveyed 70 UK financial services providers including banks, insurers, and asset managers.