Banks choose steady fintech partners over sexy technology, says security rater BitSight

Cyber measures only effective with board-level approval, says expert

Partnerships between big banks and agile fintech companies are being put at risk by the perceived insecurity of startups, according to cybersecurity auditor BitSight. 

Security rater BitSight unveiled its Peer Analytics service at the RSA Security Conference in San Francisco on March 8th. Speaking after the event, the vendors VP of government affairs, Jake Olcott, warned that third-party partnerships are an emerging source of danger for banks.