In this episode of The Fintech Times Podcast, we take a look at the newfound “coopetition” between fintechs and traditional institutions.
As fintechs and the many challengers to the finance industry have continued to evolve into a league of their own, a new buzzword has cropped up in the industry over the last few years. Co-opetition, a portmanteau of cooperation and competition, is the latest trend in the industry, where challengers team up with the incumbent financial institutions to create new products, services and solutions for the industry.
Polly Jean Harrison, Features Editor at The Fintech Times, is joined by Julia McColl, chief product officer, Chetwood Financial, Jovi Overo, managing director of BaaS, Unlimint and Dr Amber Ghaddar, Co-founder of AllianceBlock, to discuss exactly what co-opetition means to banks and their challengers, as well as clarify how banks and fintechs have been able to help one another whilst remaining competitive.
Listen to the podcast in full below:
