moreover, it is more likely than not banks continue being the providers of the infra- structure needed by FinTechs to exist. Actually, for many FinTechs their capacity to form an alliance with traditional players will be the key to determine their success. At the same time, the banks may also beneit from alliances improving their pro- ductivity and technology. As we already mentioned in this study, by working with startups, the banks may widen their service offer worldwide, improve their value proposals, reach users previously out of reach, reduce development cost, access to new income sources without investing to develop new infrastructures, and of course, survive the disruption this industry is already experimenting. The collaboration between banks and FinTechs is not a short-term relationship. It is a multifaceted and ongoing evolution process, where it is important to understand what is needed to maintain a win-win dynamic and the beneits of teamwork are already perceived. This evolution being experienced by the inancial system advances so fast that the inancial services companies will have to be cautious regarding passivity and/or risks towards adopting new FinTech technologies in their business models and value proposals. The way they respond will determine if the technology will be a force to promote development or a source of stress and destabilization. We can already conirm that there are thousands of FinTechs already changing the inancial sector in Latin America; however, not all of them will have a transforma- tional impact on the sector. The most collaborative FinTechs will be the defeaters in the battle to emerge as the future inancial leaders in the region. From Startupbootcamp FinTech and Finnovista, we are going to continue working to build bridges and defeat barriers for FinTech startups that may change the inancial world, in collaboration with the inancial institutions, other corporates and investors, and create, that way, a better world. Fermín Bueno Co-founder and Managing Partner of Finnovista and Startupbootcamp FinTech in Latin America A TWO-WAY PATH80