News Formal

Banks will start aggressively targeting fintechs in wealth management - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Insiders say Morgan Stanley's $13 billion E-Trade deal will kick off a buying spree for wealth-management fintechs. Here's why banks are ready to 'open up their pocketbooks' and what it could mean for startup valuations.

has also pushed traditional players to consider new ways of attracting and selling to customers.

In addition to insurers, Edison Partners' Lee said big-tech companies such as Amazon or Google could also be a potential landing spot for fintechs. LendingClub's recent plans to buy Radius Bank "I think you will see an acceleration of multi-product capabilities happening within the fintech space," Casella said. "Some of that may come from acquisition. Some of that may come from partnership."

Morgan Stanley's planned acquisition of E-Trade shows high price tags aren't going to scare banks away. However, the discount brokerage is far more established than any of the new-age fintechs. E-Trade has nearly a forty-year history, including over 20 as a public company.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The fintech industry soars as early stage startups miss out on funding - Business InsiderEarly stage fintechs missed out on funding last year, but this suggests that the industry is maturing as fintech becomes a truly global movement.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Warren buys ad in GOP billionaire's newspaper to taunt him about her wealth tax - Business InsiderElizabeth Warren bought a full-page ad in a GOP billionaire's newspaper so she could taunt him about the $2.3 billion he'd pay under year one of her wealth tax Queen Lol he knows she has no chance of winning. Probably charged her 50x more aswell. Smart bussiness. Warren got played and doesnt even know it😂😂 She will never be president so opinion does not matter.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Dispensed Business Insider weekly healthcare newsletter February 21 - Business InsiderDispensed: Big Pharma's plans to compete with buzzy startups, Sanofi's entrance to the coronavirus vaccine race, and a Medicare Advantage pitch deck
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »