As FinTech companies continue to infiltrate traditional banking activities, many traditional firms have been seeking to partner or merge with FinTech firms in order to combat this encroachment. This article examines what have so far been the biggest M&A deals between these incumbents and FinTech firms in 2015 so far. The first of its kind deal was announced by JPMorgan Chase & Co (JPM) on August 31, 2015.
As FinTech companies continue to infiltrate traditional banking activities, many traditional firms have been seeking to partner or merge with FinTech firms in order to combat this encroachment. This article examines what have so far been the biggest M&A deals between these incumbents and FinTech firms in 2015 so far. There were reportedly 192 FinTech mergers and acquisitions worth $18.9bn in 1H15, and six of the top 10 largest deals in 1H were made in the payments segment; the complete list can be found at the linked webpage.