Bank Investment in Fintech Companies Slows

According to a new report by CB Insights the most recent 5 quarters show that big investments in fintech companies from banks has slowed down; banks are instead beginning to develop and update core technology in house; Wells Fargo, Morgan Stanley, JPMorgan Chase and others have all developed and released their own digital investing and advising services; service provides like Diebold are offering the banks a chance to move all infrastructure online so they can focus on customer facing tools; banks are still working through transformation as almost all have now realized if they do not upgrade legacy tech they will be left behind. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.