Community Banks Can Benefit From Fintech Partnerships

Is Fintech Small Banks’ Equalizer in Fight with Big Rivals?
– American Banker

American Banker interviewed Manatt’s Craig Miller, co-chair of the firm’s financial services practice, for an article about how smaller community banks can benefit from partnerships with fintech companies.

“They’re not likely to be sponsoring startup incubators like the big banks, but they are looking toward fintech partnerships to figure out how to deliver products and services in an efficient way,” said Miller.

While larger banks may see fintech as a way to accentuate or enhance part of their business, Miller said partnerships enable community banks to bring innovation to major parts of the bank immediately.

“They really are looking at [partnering on] the technology that can benefit the largest set of customers,” he said.

Read the article here