Morgan Stanley Taking the Hassle Out of Fintech Partnering
In an effort to make it easier to acquire new tech from startups as well as pick up the pace of partnering and collaboration, Morgan Stanley is streamlining documentation and expanding the instances where executives can look at new products in an effort to improve partnerships with startups. FinTechs have been concerned with that fact that partnering with big banks can be slow and expensive, claiming that working with these huge institutions often involves lots of procedures and requirements on the books. Making it easier to work with FinTechs comes at the same time as Morgan Stanley launched WealthDesk, a package of close to twelve new technology tools and services geared toward its financial advisers. Source.