Transparency of financial information has long been a pain point for wealth managers, who often only have access to a portion of their clients' total financial picture. Clients stand to gain significant value as partnerships between incumbents form, and fintechs enable open access to information. This allows for more holistic financial planning and the democratization of data as a shared resource for financial institutions.
Sensibill Talks Bank-FinTech Collaboration | PYMNTS.com
As more industry players realize that traditional FIs simply can’t go it alone to meet all the needs of the modern small business, collaboration has become key. But that collaborative environment is also giving way to a deeper connection between traditional and non-traditional financial service providers, as more firms recognize the value in sharing data. […]
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