Home » Prime Cost Cos. Embrace Innovation With Fintech Buys
Legislation360 (July 17, 2020, 9:15 PM EDT) — This 12 months has seen two notable fintech infrastructure firms, Plaid and Finicity, wolfed up by the world’s main funds behemoths, highlighting the significance of under-the-hood monetary expertise and signaling a seamless pattern of established monetary establishments embracing fintech.
In January, Visa Inc. mentioned it will purchase San Francisco-based Plaid Inc. for a strong $5.three billion, wrapping the fintech firm’s expertise that permits customers to simply join their monetary accounts with 1000’s of on-line purposes into the fee processor’s international enterprise. Perennial competitor Mastercard Inc. likewise made a transfer into the fintech infrastructure area final month, snapping up Salt Lake Metropolis-based Finicity…
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