THEORETICAL FRAMEWORK OF THE INTERACTION BETWEEN FINTECH AND THE BANKING SYSTEM

The interactive relationship between banks and Fintech companies is one of intersecting interests, with a mixture of competition and cooperation. Whether the relationship is competitive or cooperative will depend on the stage of development as well as the strengths of each party. This paper summarizes the forms of interaction between Fintech companies and banks in the financial services market and suggest some policy implications for creating conditions to promote the development and cooperation of the two owners