fintech startups need industry partners to thrive report says

February 27, 2018

Financial technology startups are seeing no shortage of venture dollars flowing their way, but there are increasing concerns over whether they can survive without partnering with the industry they're seeking to disrupt.More than 75% of fintech executives surveyed in a new report said their primary business objective is to collaborate with traditional firms, such as banks and insurance companies. Only 18% said the main goal was to compete with the established players.- Bloomberg