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Daily Review: Consolidation of Power Is Underway in Finserv

The consolidation of resources (financial, talent, technology, and ideas) in the financial services industry is gradually balancing the market and relationships between startups and institutions. It will also bring it to the original structure, where a very limited number of companies control the majority of the market. The year 2018 saw a spike in very interesting partnerships, M&A, and acqui-hires.

The pattern is very similar to the history of centralization in institutional banking, except that the new partnerships have a different face and impact on the end user – useful for personal and professional lives integrations, business solutions that cover every pain points for newly baked entrepreneurs (Stripe Atlas), or industry-transforming mergers defining identity management of the future (Sprint and T-Mobile). Slowly but steadily, institutions are getting together with the best of breed in FinTech, making it even more difficult for emerging competition to ...

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