Fintechs buying banks and banks buying fintechs!
There have been several deals in the last few years featuring fintechs buying banks. Some examples include SoFi purchasing Pacific Bank and Lending Club purchasing Radius Bank. But with the recent announcement of Valley National Bancorp purchasing Bluevine, could the script be about to flip? Could this be the first of multiple transactions involving banks purchasing fintechs? This deal is a game changer and it certainly puts everyone on notice. Banks will need to change their strategy in the years ahead and purchasing a fintech that already has the technology or products that they need is…
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