IDEAS home Printed from https://ideas.repec.org/a/aza/jdb000/y2024v8i4p304-312.html
   My bibliography  Save this article

Secrets to successful bank and FinTech partnerships for credit and deposits

Author

Listed:
  • Bacon, Rebecca

    (Upgrade, USA)

Abstract

This paper aims to provide a road map to a successful long-term partnership between traditional financial institutions (FIs) like banks and credit unions with a financial technology (FinTech) platform. This is a summary of lessons learned from developing and launching over 200 bank/credit union partnerships with a FinTech lending platform. Drawing on experience with financial institutions of all shapes and sizes, this paper details best practices to create a scalable way of providing custom solutions to the problems faced by the modern depository institution. This includes a particular focus on lending/ credit products, and how the effect of FI and FinTech lending programmes can add value while mitigating risk. The paper focuses on depositories domiciled in the USA and the American banking system’s regulatory environment, but many of its themes will be applicable to international organisations.

Suggested Citation

  • Bacon, Rebecca, 2024. "Secrets to successful bank and FinTech partnerships for credit and deposits," Journal of Digital Banking, Henry Stewart Publications, vol. 8(4), pages 304-312, March.
    • Handle: RePEc:aza:jdb000:y:2024:v:8:i:4:p:304-312
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/8424/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/8424/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    FinTech/bank partnerships; digital lending; FinTech; neo-banks; deposits; liquidity solutions;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jdb000:y:2024:v:8:i:4:p:304-312. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.