‘Between venture capital and patient capital: the strategy of cooperative banks in fintech’

Article co-authored by Valérie Lelièvre, Senior Lecturer in Economics at the University of Lorraine – BETA, and Jean-Noël Ory, Professor of Finance at the University of Lorraine – CEREFIGE, and published on 16 March 2026 on The Conversation.

Abstract: “The main difference between joint-stock banks and cooperative banks lies in their capital structure and, consequently, their governance. Does this have an impact on how they approach fintech? What approaches have cooperative banks developed to become investors unlike any others?”