- This year, we’ve seen big banks partner with or buy out their potential finTech competitors
- Ally Financial bought TradeKing Group for $275 million – 4/2016
- Honest Dollar was purchased by Goldman Sachs after it had just raised $3 million in venture funding
- BBVA bought Finnish banking start up Holvi last month
- “Banks are already well down the road to partnering with marketplace platforms for unsecured lending,“ said PricewaterhouseCoopers fintech co-lead Haskell Garfinkel. “The biggest challenge right now is to consume it, integrate it and monetize it.”
Source: http://www.cnbc.com/2016/04/11/big-banks-shift-fintech-strategy.html






