Banking on FinTech: Positive Outlook for Bank-FinTech Collaboration in 2019

May 9, 2019

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MONTHLY ANALYSIS

Banks could fall into irrelevance if they fail to keep up with the pace of rapidly developing FinTech technologies. – Antony Jenkins, Former CEO of Barclays

You might recall that MEDICI published an article in December 2018, in which we had predicted that going ahead, FinTech would see a continued uptick in terms of investments, M&A and deals with banks/FIs. On a positive note, we’ve noticed that the outlook is good for 2019; but let’s step back for a moment to look at the disruption-versus-collaboration paradigm banks have contended with, given the rise of the superpower we now call ‘FinTech.’

Until relatively recently, ...

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