Fintechs Let’s Talk About Your Biggest Asset Banks 2021

Jun 16, 2021
  • HOSTED BY

    TechCrunch
  • FORMAT

    Virtual

  • INDUSTRIES

    Information Technology Publishing Financial Services

Description

As fintechs bring innovative new products and services to the financial ecosystem, the idea that fintechs are going to replace chartered banks is gaining traction. While some neobanks will get full banking charters, this option may not make sense for all fintechs for various reasons. Many more fintechs will rely on bank partners as they build their businesses. Fintechs are able to offer tailored solutions for specific purposes because they have identified audiences that are underserved by traditional banking. Banks have their own unique set of skills and expertise that make them indispensable to many types of fintechs businesses.

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