The investments in Fin Venture Capital and Commerce Ventures are a culmination of work carried out by the bank’s dedicated fintech engagement unit, set up five years ago.
The unit combines the bank’s various business units with potential fintech partnerships to bolster its own digital and mobile products and services.
David Ness, who leads the fintech engagement unit, says the developments, investments and partnerships that the unit fosters are “vital” in the bank’s decision-making and relationship building.
“We’re active in all areas within fintech,” he says.
