Mmastodon BusinessBanking first seen 3 h ago, last 46 min ago, peak #5
Valley National Acquires Israeli Fintech Bluevine for $340 Million
Original: U.S. bank Valley National buys Israeli fintech Bluevine for $340 million The acquisition will give the bank a digital sm
U.S. regional bank Valley National has agreed to buy Israeli fintech Bluevine for $340 million. The deal gives the bank a digital small business lending platform and is expected to accelerate its technology and artificial intelligence strategy. Industry commentators are watching it as another sign of traditional banks buying fintech capabilities rather than building them in-house.
Why now: The acquisition highlights the ongoing wave of traditional banks acquiring fintech firms to modernize their digital offerings.
Valley National BankBluevineIsraelUnited States
Rank over time, top of the chart is #1. 3 snapshots from 3 h ago to 46 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/256002