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ARTICLE · 02 MARCH 2017

Partnerships Between Banks And Fintech Companies: A Continuing Trend For 2017

McCarthy Tétrault
McCarthy Tétrault
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Fintech companies are offering game-changing products and services in the financial services sector, responding to customer demand for frictionless technology.

CanadaTechnology
SnIP/ITs Blog
SnIP/ITs Blog
D.J. Lynde
D.J. Lynde
Ana Badour
Ana Badour
Jessica Firestone
Jessica Firestone
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Fintech companies are offering game-changing products and services in the financial services sector, responding to customer demand for frictionless technology. Canadian banks are likewise increasingly seeking to offer innovative products and services. In addition to developing such products and services in-house, banks have been partnering with Fintech companies, seeking to leverage their technological know-how and cost-effective offerings. Fintech companies in turn seek to leverage banks' customer relationships, their reach and experience and their expertise in compliance and risk management. Partnerships between Canadian banks and Fintech companies increased in late 2015 and 2016, and this trend is expected to continue. Some recent examples include:

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