HSBC retail head sees more bank partnerships with financial tech firms

The HSBC headquarters is seen in the Canary Wharf financial district in London, Britain February 15, 2016. REUTERS/Hannah McKay/File Photo

TORONTO: HSBC's retail banking and wealth management head John Flint expects banks to partner more with financial technology (fintech) companies in the coming years to help meet changing demands from customers. 

Banks are increasingly teaming up with fintech companies, previously seen a threat, as they look to respond to a sharp increase in customers banking online and to take advantage of opportunities created by new technologies such as Blockchain.