News/Fintech Focus For January 7, 2021
Fintech Focus For January 7, 2021

Benzinga Fintech Focus-2021-01-14 14:30:28

One Big Thing In Fintech: The COVID-19 crisis has put pressure on banks to improve their digital offering as lockdowns have forced customers to use applications and online banking rather than visit branches. Buying up small, innovative fintechs can be a faster and more effective way for banks to improve their tech offerings, and the infrastructure that supports them, than building their own solutions. But given the punishing year that lenders have had, and the bleak economic outlook for 2021, their capacity for larger deals will be constrained.

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