Forward-thinking banks are acquiring and partnering with fintech firms to survive and thrive in an increasingly tech-enabled marketplace. Equally significant are the challenges associated with this evolving strategy as banks grapple with how to incorporate fintech into their legacy system-dominated ecosystems. Banks are challenged to simultaneously make their systems more permeable (easily accessed and integrated), more customer-centric, more stable and more secure to pave the way for fintech integration. It is important to remember that the introduction of third parties into the ecosystem can result in heightened need to monitor and manage third-party risk.