Tag: acquisition

While banks and fintechs have primarily been either rivals or behind-the-scenes partners, recent valuation slashes – which show no signs of letting up – could allow banks to beef up their own offerings at a discount through acquisitions. Big banks could be primed for some Black Friday deals of their own: Fintech valuations have plunged 70% […]

While big banks that process card payments for businesses have greater market share and bigger budgets than fintech upstarts, they’re slower to roll out new features and capabilities than rivals like Stripe and Block – and JPMorgan’s betting that an acquisition can kick its payments roadmap into overdrive. JPMorgan’s payments unit is acquiring cloud-native Renovite […]