BB&T to invest up to $50 million in fintech

The explosive growth of the financial technology, or fintech, industry has continued into 2018.

North Carolina has played an integral role in this growth. The most recent example is BB&T’s announcement that it will invest up to $50 million in fintech companies.

“Things are changing rapidly and we, like many financial institutions, have to move faster to meet and exceed our clients’ expectations. While an investment in fintech is just one component of our digital transformation, it’s a powerful way for us to gain greater access to new technologies and talent,” said BB&T Chairman and CEO Kelly S. King.

– Mike Trainor, S&A Communications