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Banks Hedging with Investments in Fintechs
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Banks Hedging with Investments in Fintechs

Banks Hedging with Investments in Fintechs

Fintech Nexus Staff·
FintechNews RoundupUSA
·Aug. 16, 2017·1 min read

An article from Bloomberg highlights bank investments in fintech companies; the article cites a report from Opimas noting that both Goldman Sachs and JP Morgan Chase are investing in companies that aim to disrupt banking; Goldman Sachs has invested in 15 fintech companies focusing on capital markets; JP Morgan Chase has invested in nine; the report states that banks and other companies will invest $1.7 billion in approximately 44 deals this year; this comes at a time when venture capitalists are shying away from the market. Source

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