Sleeping with the enemy: big banks skirt confrontation to embrace fintech startups

"Disruptions in the financial services space spur partnerships for apps and systems to detect fraud

Financial technology startups are typically portrayed as small firms run by a bunch of young geeks in T-shirts and hoodies backed by venture capitalists to disrupt the financial services and banking industry.

Instead of going head-to-head with the so-called fintech firms, big banks are partnering with them. They are finding financially-focused software, and apps and systems to detect fraud, developed..."

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