How Banks Are Joining Hands With FinTech Firms to Serve Customers

In one of our recent articles Banks and/or/vs FinTech Startups: Is There a Fight? we came across the number of $1 billion raised by payment companies just in Q1 2015. According to the SVB 2015 FinTech Report on investment trends in FinTech, $3.1 billion was invested into the FinTech sector in the last quarter of 2014 through 214 deals. The highest number of investments were made by corporates and angels—combined investments of $1.13 billion. The corporate world's rising interest in FinTech startups signifies the understanding of a common goal—to serve customers in the best way possible.

Moreover, according to Accenture’s latest report on the future of FinTech and banking, the global investment in FinTech ventures tripled to $12.21 billion in 2014, signifying a 201% global growth compared to the previous year.

The FinTech sector is becoming more competitive with numerous s ...

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