As customers become increasingly reliant on digital payments, many financial institutions (FIs) and companies have been left in the dust this year. At the same time, budget cuts for technology and innovation were mandated by economic realities for many organizations.
Nearly all banks acknowledge FinTech partnerships significant, but the partnership dynamics will be put to the test as new open banking regulations go into effect in 2024.
In collaboration with Sezzle the “FinTech Tracker” by Pymnts, shares the prerequisites required as banks and FinTechs to rely on each other for data sharing and compliance.