Asset managers are gearing up to form more partnerships with fintech companies, according to a report from PwC. Over the next five years, these collaborations are expected to drive growth by leveraging fintech's advanced AI and technological capabilities. The emphasis has shifted from merely achieving scale through mergers and acquisitions to ensuring firms stay relevant in an evolving financial landscape. Albertha Charles from PwC highlights that these strategic alliances will support initiatives like the tokenization of funds. This move reflects a broader trend within the asset management sector, where firms recognize the need to adapt to new digital realities. The push for fintech tie-ups is not just about technology; it's about maintaining competitiveness in an industry increasingly influenced by innovations in AI and digital finance.