U.S. average number of bank-fintech partnerships

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

Characteristic	Banks	Credit unions
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Release date

January 2022

More information

Region

United States

Survey time period

September 2021

Special properties

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."

The research was commissioned by Synctera.

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