European bank leaders initially saw financial technology companies (fintechs) as a challenge. Now they’re starting to see things differently. Traditional bankers are becoming increasingly open to the idea of collaborating with fintechs of all types, to improve their own offerings and accelerate growth.
WHERE WILL FINTECH LENDING LAND?
European banks and fintechs can leverage the best
of both by working together.
of both by working together.
OVERVIEW
COLLABORATION
BETWEEN BANKS &
FINTECHS CAN
LEAD TO BETTER
OUTCOMES BY
HELPING EACH
DEVELOP WAYS TO
EVOLVE
BETWEEN BANKS &
FINTECHS CAN
LEAD TO BETTER
OUTCOMES BY
HELPING EACH
DEVELOP WAYS TO
EVOLVE
COLLABORATIVE STRATEGIES MAY LEAD TO BETTER OUTCOMES FOR BANKS AND FINTECHS
Banks could see a 3 to 5 percent revenue increase—through enhanced customer acquisition, more fee-based revenues, better pricing accuracy and lower cost of risk.
Fintechs would see improved financial viability, attract more clients and, in some cases, obtain guarantees for deposits.
Accenture brings financial institutions and fintechs together to transform banking business models with advanced solutions and innovative approaches.
AUTHORS
-
Elena Mazzotti
Managing Director – Europe Credit
-
Francesca Caminiti
Thought Leadership Research – Senior Principal
