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Portfolio company Extend's partnership with City National to be its virtual card distribution platform was a highlighted partnership. City National customers can instantly send virtual cards to employees (and distributed team members) to pay for business expenses.
Vendor/Customer: Many of the partnerships in the industry are like more traditional vendor relationships. These integrations call for close collaboration and frequently require a fintech firm to create bespoke features for their new banking clients. The bank, for its part, then hitches its own wagon to its new fintech vendor and its product roadmap.
https://tearsheet.co/funding/the-tearsheet-2020-guide-to-bank-fintech-partnerships/
