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Date: 17 July 2020

Author: Nicole Brinson

The Great Collaboration Strategy Between Banks and FinTechs

With Google, Apple, Facebook, Amazon and Microsoft (GAFAM) taking away customer mindshare from banks and FinTechs, the only viable option is for these former competitors to put aside their differences and form strategic partnerships.

The term coopetition is used in business and technology circles to describe a scenario where two companies that usually compete against one another work together. An example is when Apple (finally) made iTunes for Windows devices. The company realized that the..