In preparing your write-up, use the case material as background for your research. In some cases, I expect that you do a bit of extra research on the topic. This may include the case’s footnotes and references. You must support your opinion with facts, theory, and empirical evidence. Please use data (numbers only) in the write-up. You must analyze the numbers and tell a story around them. Use original sources, for instance reports from international organizations (IMF, WB, BIS, etc), or academic research. Do not use blogs, Wikipedia, Investopedia, or press articles outside the FT, WSJ or the Economist as sources for your research and when expressing your opinion. Your sources must be properly cited in the bibliography. Using someone else’s wording without quotation marks is considered plagiarism.

Answer flowing two questions:

• What are the four options that Costa could share with her client? What are the pros and cons of each choice? Which one should she recommend and why?
• What do historical M&A data tell us about the fintech landscape? What other alternatives could this bank focus on to create value in the fintech space?

Please directly answer those two questions which don't need case overview and write one page single space which not include references.