A recent study by CB Insights has shown that the banks to invest the most in FinTech are JP Morgan Chase, Citi and Goldman Sachs.
In Brief:
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US banks participated in 45 equity deals in FinTech startups in 2018.
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The top three were followed by Wells Fargo and Morgan Stanley.
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Key sectors for investment were lending, blockchain and Regtech.
What does this mean?
Rather than seeing FinTechs and disruptors as a threat, banks are best advised to collaborate – and this research shows that even the most traditional banking behemoths have got the message.
