according to FT, describing the strategy as a “string of pearls”, acquiring a sizeable number of small Fintech firms at the low end, and asset management firms at the top end. About a one minute read.
Comment: we’ve talked about “the revenge of the incumbents” many times here on Fintech Flash News. Let small startups do all the necessary R&D and when they have a viable market slice BUY ‘EM. Good strategy.