Fintech Investments Up 10% in 2016

According to a report recently released by the consulting firm Accenture, overall investment in FinTech companies was up almost 10 percent to a total of 23.2 billion dollars. According to the report, the year over year increase was attributed in large part to investments in China and Japan. In Japan fintech investments doubled in 2015-2016 alone. In China, this number tripled to 10 billion and accounted for almost 90 percent of all FinTech ventures in Asia. Japan also became of the first country to enforce a regulation of virtual currency on a national level. This demonstrates that Japan has trust in the fintech companies, and sees potential for them to expand at an even more rapid pace. On the other hand, looking at China, much of the fintech investment centers around the use of blockchain technology. China was also host to some of the biggest fintech deals of 2016, such as 4.5 billion into Ant Financial Services group.

 

http://cio.economictimes.indiatimes.com/news/corporate-news/global-financial-technology-investment-up-10-in-2016-report/57407723