“In a report published last year exploring what the next decade holds for incumbents in the age of digital banking, HSBC suggested that this is a “common myth”, highlighting the growing landscape for collaboration between banks and fintechs and suggesting that ‘we are already in an era of innovative cross business collaboration which many would have not imagined a few years ago.’”
https://www.fintechmagazine.com/fintech/how-balance-trust-and-technology-banking