More M&A would be a super catalyst especially for European FinTech as for traditional tech the M&A markets has been mainly US driven. With BoA planning to invest USD 3 Bn...don't expect any European bank to beat that...but lets see
As one may have noticed, the FinTech fever is spreading around the world at an outstanding pace. Tech companies, banks and players that are not even related sometimes are catching the rush to get involved with the most promising startups in fear of becoming irrelevant. One of the biggest and most powerful banks in the US, Bank of America, is raising the stakes. The bank recently shared that it has $3 billion to pour into FinTech startups. Another mammoth from a different industry, Microsoft, is silently but actively exploring the FinTech world through a wide range of initiatives.
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