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.
US banks participated in 45 equity deals in FinTech startups in 2018.
The top three were followed by Wells Fargo and Morgan Stanley.
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.