But are these really partnerships?  The author of the Finextra article says: “Without shared vision, values, and goals, there can be no partnership.” Spot on. I would add “shared risk” to that list of partnership criteria. In light of this list of criteria, do the so-called partnerships really qualify? The Lending Club example fails the test, miserably. Following the lending marketplace’s recent woes, Richard Swart, perhaps the preeminent expert in alternative finance in academia, said at the 2016 Banking Growth Forum, that he expects that for at least one quarter, banks will refrain from putting any capital in Lending Club. Shared risk, my foot. Banks aren’t partnering with Lending Club, they’re simply using it as a distribution channel

http://thefinancialbrand.com/58920/foolish-fantasies-fintechbank-partnerships/