Truist Joins The Major Banks In Opening A Corporate Venture Capital Division

The technological arms race within the banking industry is an ongoing matter as traditional financial institutions increasingly find themselves needing to keep up with consumer demand for online banking services. Direct investments in fintechs and in-house accelerators are becoming common among the big banks as they grapple with the innovator’s dilemma of either supporting the development of technologies that could be integrated, or developing a competitive offensive strategy to stave off challengers in the financial space...