Based on a survey carried out in September 2021, the number of fintech partnerships between banks or credit union and fintech companies increased between 2019 and 2021. In 2019, banks that entered into partnerships with fintechs averaged 1.3 partnerships per institution. By 2021, this number increased to 2.5 partnerships per institution. The average number of partnerships per institution among credit unions that partnered with fintech companies was 0.9 in 2019, and 1.5 in 2021.
Average number of fintech and bank partnerships in the United States from 2019 to 2021
290 U.S.-based senior bank and credit union executives. Figures refer to the average number of partnerships per institution among banks or credit unions that partnered with fintechs
Supplementary notes
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 one billion to three billion USD in assets, and almost one in five was from an institution with three billion to10 billion USD in assets."
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Website (synctera.com). (January 10, 2022). Average number of fintech and bank partnerships in the United States from 2019 to 2021 [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1315142/us-number-of-bank-fintech-partnerships/
Website (synctera.com). "Average number of fintech and bank partnerships in the United States from 2019 to 2021." Chart. January 10, 2022. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1315142/us-number-of-bank-fintech-partnerships/
Website (synctera.com). (2022). Average number of fintech and bank partnerships in the United States from 2019 to 2021. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1315142/us-number-of-bank-fintech-partnerships/
Website (synctera.com). "Average Number of Fintech and Bank Partnerships in The United States from 2019 to 2021." Statista, Statista Inc., 10 Jan 2022, https://www.statista.com/statistics/1315142/us-number-of-bank-fintech-partnerships/
Website (synctera.com), Average number of fintech and bank partnerships in the United States from 2019 to 2021 Statista, https://www.statista.com/statistics/1315142/us-number-of-bank-fintech-partnerships/ (last visited December 03, 2024)
Average number of fintech and bank partnerships in the United States from 2019 to 2021 [Graph], Website (synctera.com), January 10, 2022. [Online]. Available: https://www.statista.com/statistics/1315142/us-number-of-bank-fintech-partnerships/