Meanwhile, inancial institutions have discovered they may collaborate with, instead of competing against, the FinTech companies through so-called ‘open innovation’ and collaboration with agents such as Startupbootcamp FinTech to achieve several purposes: to eficiently identify new business opportunities, shorten their learning curve, attract talent, promote a more entrepreneurial and collaborative culture within the organization, cut costs and risks for launching their own innovations, exploit their own technology through different mechanisms and gain new clients (Rojas, 2016). Moreover, by working with FinTechs, the banks may expand their service offering worldwide, reach previously untapped potentials users and access new income sources, without making an investment in developing new technological i-nfra structures. From the point of view of FinTech companies, FinTechs beneit from the experience, backup and –economic and market– resources the banks may provide to them through collaboration. A TWO-WAY PATH15