Fintech Partnerships Helping Revenue at Traditional UK Financial Services Firms

A survey of 70 traditional UK financial services firms by Mayer Brown has quantified the benefits of fintech partnerships in the financial services industry; 100% of survey participants said they would purchase a product or work directly with a fintech company over the next three years and 49% of respondents said they were currently working with a fintech firm in a joint venture partnership; other highlights from the survey report found that 87% of respondents could reduce costs after a fintech partnership, 83% of respondents were able to refresh their brand and 54% of respondents increased revenue.  Source

 

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