Welcome to the Q2’17 edition of KPMG’s the Pulse of Fintech, a report highlighting the key trends and issues impacting the fintech market this quarter, both globally and in key regions around the world.
Globally, the fintech market made a strong rebound in Q2’17, with total investment more than doubling on a quarter-over-quarter basis to more than USD $8.4 billion. Large increases in private equity (PE) funding and M&A funding propelled the increase, while the amount of venture capital (VC) investment held relatively steady.
Business-to-business (B2B) related fintech investments gained prominence during the quarter, prompted by growing recognition that many traditional financial institutions and insurance companies need to reduce their cost base. This has led to an increase in corporate interest in technologies that can enable more efficient back office functions, such as artificial intelligence (AI), robotics, regtech, data & analytics and cloud services. Blockchain also remained a strong area for investment, expanding its reach well beyond banking and into potential applications for insurance, health and government.
Source : KPMG