U.S.: fintech-bank partnerships for growth| ��ƽ��

Fintech partnerships as a driver of growth for banks and credit unions in the United States in 2021

Characteristic	Strong driver of growth	Moderate driver of growth	Not a driver of growth
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Source

Release date

January 2022

More information

Region

United States

Survey time period

September 2021

Special properties

290 U.S.-based senior bank and credit union executives

Supplementary notes

This question was phrased by the source as follows: "To what extent does your organization see fintech partnerships as a driver of growth for the next few years?"
The source did not provide information regarding the survey type.
The source adds the following information: "Among the respondents, 58% were from banks, 42% from credit unions. Roughly one in five respondents was from an institution with assets between 250 million and 1 billion USD, 35% were from institutions with 1 billion to 3 billion USD in assets, and almost one in five was from an institution with 3 billion to 10 billion USD in assets."
The research was commissioned by Synctera.

Citation formats

Based on a survey carried out in September 2021, ** percent of credit unions and ** percent of banks in the United States saw fintech partnerships as a strong driver of growth. In addition, more than half of the respondents from both credit unions and banks considered partnering with fintech companies to be a moderate driver of growth. Only **** percent of the credit union respondents did not see fintech partnerships as a driver of growth. Skepticism towards partnering with fintech companies to achieve growth was higher among the respondents from banks, as ** percent of the bank executives did not see partnerships as a driver of growth.