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Some banks are making a Faustian bargain with fintechs: Karen Petrou

American Banker Podcast

CHAPTER

Risks and Responsibilities in Fintech Partnerships

This chapter delves into the potential dangers banks face when collaborating with fintech companies, emphasizing the critical need for careful due diligence. It also discusses the ethical responsibility banks have to safeguard customer funds amidst varying risk profiles in these partnerships.

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