Need For Tech Emerging As Banking M&A Influencer

Mergers and acquisitions activity in the banking sector is still largely driven by continuing consolidation and a shifting regulatory environment, but the need for technology is increasingly influencing financial institutions' deal-making.

The hunt for helpful technology is causing banks to consider merger partners' technology offerings when consolidating and is also prompting banks to either acquire or invest in budding technology platforms, especially as they try to court new customers or better serve existing ones with digital services.

"Banks of all sizes are increasing their focus on technology and technological advantages to stay competitive," said Sara Lenet, a Hogan Lovells financial institutions and M&A counsel.

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