Banks struggle in assessing, acquiring fintech firms

Banks are energized by financial technology companies’ innovation, but remain cautious when it comes to acquiring them. Top officials at banks have demonstrated trouble gauging fintech solutions’ earning power. Moreover, some technology solutions that represent fresh approaches are not well-suited for the highly-regulated larger institutions. Nevertheless, the U.S. fintech sector has been hot within the financial sector, with 58 deals valued at USD 4.3 billion made in the last year (compared to 53 deals valued at USD 2.6 billion the previous year).