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Fintech companies’ partnerships with banks are “unequal”

As more banks collaborate with fintech firms, EY’s Asia Pacific fintech leader, James Lloyd, says it is important to note that such agreements are lopsided and more closely resemble “service provision” than “partnerships”. “Partnerships suggest equality,” Lloyd told Asian Private Banker at The Economist’s Finance Disrupted event in Hong Kong today. “If you ask a fintech, the relationship between a…

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