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What Does the BBVA Acquisition Mean for Simple?

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Celent have reviewed this profile and believe it to be accurate.
21 February 2014

Comments

  • Good point Steve. Do you see a time in future when firms like Simple will be on the other side of the table and will acquire banks?

  • Meenu, this is a good question. I think the more likely scenario will be that banks, especially large institutions with significant resources, will begin to act more like BBVA. The BBVA Ventures arm of BBVA, in my opinion, represents a trend that will become more relevant in the industry as time goes on. Banks are slow movers, and acquisition can be a way to stay on top of trends. I think firms like Simple will continue to pop up to fill gaps in the market, and big banks will start to think about investing in them.