American Banker addresses the paradigm shift where banks and fintechs both better understand and respect each other, creating a path towards increasing partnership. The article highlights comments by Dee Choubey, CEO of MoneyLion, who believes banks need the human resources from within to help bridge the divide.
Diwakar Choubey, chief executive of MoneyLion, a New York-based online lending firm, agrees that banks need people focused on bridging the divide between fintech and wary bankers. "It's an educational process for banks," he said. "They need that internal champion that will promote a partnership and take it through the committee process, get the board and CEO approval, and also do the due diligence to find the best players in the space you're looking to partner in."