81% of financial institutions to partner with fintech: survey

81% of financial institutions to partner with fintech: survey

Partnering, particularly with startups, is driving fintech activity, finds a KPMG survey of global financial institutions. Overall, 61% of respondents say their institutions have taken a partnering approach to fintech in the past, and 81% say their institutions are currently partnering with startups or plan to in the next 12 months. Read: Scotiabank partners with early-stage fintech venture fund A similarly high percentage – 78% – say their institutions are, or will be, partnering with other large non-financial institutions. “This approach is being driven by […] the need to get to a dominant scale position quickly in particular segments,” […]