Main reasons behind bank and fintech relationships in Europe 2017

This statistic illustrates the main reasons European financial institutions would want a working relationship with fintech companies as of the second half of 2017. All of the European financial institutions that participated in the survey view their relationship with fintech companies as a medium to increase revenues.

Main reasons for European financial institutions and fintech companies to have a relationship in 2017**

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Source

Release date

July 2018

Region

Europe

Survey time period

October to December 2017

Number of respondents

37 European banks*

Age group

18 years and older

Special properties

15 EU Credit Institutions

Method of interview

Face-to-face interview

Supplementary notes

* EBA's risk assessment questionnaire.
The source adds the following information: "In the context of the EBA risk assessment questionnaire (November 2017), 37 European banks were asked to indicate the main drivers for adopting technologically enabled financial innovations"
** October 2017.

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