Menu
Banking Exchange Magazine Logo
Menu

Fintech Acquisitions on the minds of Bankers in 2019

94% of banks and financial institutions are planning two or more fintech acquisitions in the next 12 months

  • |
  • Written by  Banking Exchange Staff
Fintech Acquisitions on the minds of Bankers in 2019

According to a study by Reed Smith and Mergermarket, 94% of banks and financial institutions are planning two or more fintech acquisitions in the next 12 months. 

“There isn’t a significant financial services institution that isn’t already either a consumer or developer of fintech,” said Herb Kozlov, a partner at Reed Smith. “I think it’s on the radar of every major institution because they’re at a competitive disadvantage if they’re not as well positioned as their competitors to adopt new technologies.”

Banks and financial institutions are even more bullish on fundraising for fintech firms than their counterparts and Venture Capital and Private Equity firms, according to the study. 

back to top

Sections

About Us

Connect With Us

Resources

WEBINAR:

Belt and Suspenders

Date/Time: October 19, 2:00 CT / 3:00 ET

How Multiple Layers of Defenses Work Together to Keep Your Bank Covered

Cyber threats and attack vectors are ever-changing, especially due to the current geopolitical climate and distribution of data. Financial institutions remain attractive targets for cyber criminals due to the amount of sensitive data they hold. Join CSI’s Director of Product Strategy, Sean Martin, for his insight into why and how institutions should embrace a holistic cybersecurity approach to strengthen their defenses against these evolving threats. You’ll learn: 

REGISTER NOW!

This webinar is brought to you by:
OneSpan logo