Some Interesting M&A Data
Provided by Mergermarket, a Partner of M&A Leadership Council
A new report from Manatt, Phelps & Phillips, LLP in partnership with Mergermarket, Growing Together: Collaboration Between Regional and Community Banks and Fintech, reveals that thousands of regional and community banks are turning to fintech in order to meet the needs of customers who demand services on their computers, tablets and phones.
The report is based on survey responses of senior executives from regional and community banks (50%), fintech companies (25%), and private equity firms, venture capital firms and investment banks (25%). Some of the key findings include:
(86%) of bank respondents said that working with fintech is absolutely essential or very important for their intuition to thrive
The vast majority of respondents who use fintech are using it for online banking service providers (97%), payments technologies (87%), and mobile banking tools (80%)
Bank respondents see the main benefits of working with fintech as enhanced mobile capabilities (58%), lower capital costs (44%), and lower operating costs (42%). Fintech respondents are drawn to the market credibility of banks (64%) and increased access to customers in regional markets (55%)
Again take a look at the report HERE and let me know if you’d like to speak to an expert about the study.
