Banks & Insurers Continue Numerous Investments In FinTech Startups As We Predicted

In December 2017, we first wrote about a trend in the FinTech industry that was not very evident before. Banks and FinTechs have had many relationships over the years, from competitors to collaborators. But a new relationship has emerged between the two: that of the investor and investee or acquirer and acquired. We saw that the banks and FIs have doubled up investments in the first half of the year and since then many new deals have been done especially in the last few months. As an example, JP Morgan and Societe Generale have invested in FinTech for traders WeMatch. Banco Santander has bought a majority stake in British FinTech Ebury by investing £350 m ...

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