The stock market was mixed on Wednesday, with investors continuing to weigh worries about the pandemic and inflation against what seems to be a robust economic recovery. As of 11:30 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 77 points to 34,655. The S&P 500 (SNPINDEX: ^GSPC) had picked up 10 points to 4,453, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) had eased lower by 6 points to 15,032. Fintech companies have taken the financial industry by storm, and they've threatened to disrupt the stranglehold that traditional banking institutions like Goldman Sachs (NYSE: GS) have had over the industry for decades. Yet well-established consumer and investment banks aren't just giving up without a fight. Today, Goldman made a move in what has become a busy space for mergers and acquisitions, and its game plan could become a model for other big financial institutions looking to protect their turf in the face of disruptive efforts from up-and-coming rivals. Green skies ahead Goldman announced early Wednesday that it had agreed to acquire GreenSky (NASDAQ: GSKY) for $2.24 billion. The all-stock deal will give Goldman access to the largest fintech platform for consumers seeking to obtain loans for home improvement projects. And Goldman sees GreenSky as having distinct technology that could give it an advantage as it seeks to build out its own Marcus consumer banking platform. Image source: Getty Images. As Goldman explained it, GreenSky has a network of more than 10,000 merchants and has provided financing solutions for about 4 million borrowers. Acquiring GreenSky will help Goldman expand its presence in a key element of its consumer business. Under the terms of the deal, GreenSky investors will receive 0.03 shares of Goldman stock for every GreenSky share they own. That puts a value of about $12 per share on GreenSky's stock, and predictably, share prices jumped more than 50% to come within a couple of percentage points of that $12 figure. Goldman's shares eased lower by 1% on the day. The future of lending GreenSky has done a good job of building a technology-based platform that makes it as painless as possible for merchants to offer customers the financing for major purchases toward home improvement projects. The company's real-time "apply and buy" process has led to more than $30 billion in loans through the GreenSky platform. More importantly, it offers a much more seamless approval process than bank customers are used to seeing from traditional financial institutions. Goldman's move is just the latest in a series of major transactions in the fintech space. Things started out with Square's (NYSE: SQ) $29 billion purchase of Australian buy now, pay later giant Afterpay. Shortly thereafter, Amazon (NASDAQ: AMZN) made a partnership deal with Afterpay rival Affirm Holdings (NASDAQ: AFRM) to expand access to buy now, pay later financing options for Amazon customers at checkout. Some have argued that major financial institutions could simply choose to develop their own technology to fight back against disruptive start-ups. Yet it's apparent from the decisions that large players in the financial space are making that it's more efficient either to collaborate with small fintechs or to acquire them outright than it is to build something from scratch. That bodes well for companies like GreenSky. It could well be that the agreements we've seen in the fintech space so far are just the beginning of a much longer trend toward consolidations across the financial industry. 10 stocks we like better than GreenSky, Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and GreenSky, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 9, 2021 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Dan Caplinger owns shares of Amazon. The Motley Fool owns shares of and recommends Affirm Holdings, Inc., Amazon, and Square. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy.Source