Big Banks Fintech Strategy
  • 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

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

Sending

Log in with your credentials

Forgot your details?