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8 Common Pitfalls That Sabotage Fintech-Financial Institutions Relationships

8 Common Pitfalls That Sabotage Fintech-Financial Institutions Relationships

As the financial services industry evolves, financial institutions (FIs) increasingly turn to fintech to meet their needs. For one thing, fintech offers innovative solutions that help FIs deliver new capabilities, respond to changing customer expectations, increase revenue streams, and improve operational efficiency.

However, FIs who have explored or implemented collaboration with fintech have encountered challenges that have derailed their efforts or resulted in less-than-desired outcomes. As a result, FIs must be careful not to fall into common pitfalls that could lead to failure when partnering with fintech companies.

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The Best Types of Fintech Companies to Partner With: How Financial Institutions Can Succeed in the Digital Age

The Best Types of Fintech Companies to Partner With: How Financial Institutions Can Succeed in the Digital Age

Financial institutions are under pressure to succeed in the digital age. They need to partner with the best fintech companies out there to keep up. Currently, nearly 90% of financial institutions consider fintech partnerships crucial to success. But with so many different options, how can financial institutions be sure which ones are right for them?

This blog post will discuss the best types of fintech companies to partner with and explain why each one is a good fit for financial institutions!

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Community Reinvestment Act

Community Reinvestment Act

CRA was created to require regulatory agencies to encourage financial institutions to help address the credit needs of low and moderate-income neighborhoods through lending and community development activities.

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