The news: With the US Treasury’s approval of banking and fintech partnerships, banks are in a prime position to scoop up fintechs at bargain prices.
Approvals, but with warnings: The US Treasury issued a report this week assessing the impact of non-bank entrants on competition in the consumer financial markets. The report reached a number of positive conclusions about the massive growth of fintech firms over the past few years, but also cited some complexities and risks.
The news: With the US Treasury’s approval of banking and fintech partnerships, banks are in a prime position to scoop up fintechs at bargain prices.
Approvals, but with warnings: The US Treasury issued a report this week assessing the impact of non-bank entrants on competition in the consumer financial markets. The report reached a number of positive conclusions about the massive growth of fintech firms over the past few years, but also cited some complexities and risks.