KPMG: The second quarter, global financial technology investment doubled to $ 5.9 billion


nnnIn the second quarter of this year, investment in financial technology (Fintech) around the world has doubled from the previous quarter, KPMG said in a new report released this week. In addition to payment and borrowing, the block chain is expected to remain a relatively hot investment area in most parts of Asia. In China, regulatory technology is expected to attract more attention from investors. At the same time, Singapore’s position in the development of global chain-chain technology has gradually increased, will become a global block chain leader.n
nnTranslation: Clovern
nSingapore-KPMG said in a new report on Tuesday (August 1) that investment in financial technology (Fintech) around the world doubled from the previous quarter as of the second quarter of this year , All of the 293 transactions totaled 8.4 billion US dollars (about 11.4 billion Singapore dollars).n
nMost of which came from mergers and acquisitions, as of June 30 during the three months, the transaction value of 5.9 billion US dollars.n
nVenture capital for financial technology companies declined slightly from the first quarter, about $ 2.5 billion.n
nAlthough investment in Singapore’s financial technology companies compared to the previous quarter’s seven transactions, only four transactions this quarter, but the investment has tripled, reaching 61.5 million US dollars.n
nKPMG said the Singapore Monetary Authority (MAS) continued to promote most of Singapore’s financial and technology business activities.n
nThe company added that in the second quarter, MAS began to focus on education and innovation to promote the adoption of technology, while attracting companies listed in Singapore.n
nMr. Chia Tek Yew, Head of Financial Services Consulting, KPMG, said:n
nn”In the long run, MAS wants to see more financial technology companies use Singapore as a base for pilot projects, and then gradually expand the deployment of solutions in other countries in Southeast Asia, such as Indonesia and Thailand.”n
nnn”The success of these cross-border solutions can prove that the company will Singapore as a springboard to achieve its Asian expansion of the feasibility.”n
nnIn Asia, the total investment in financial technology is relatively stable, the second quarter of all 51 transactions CCP invested 760 million US dollars, while the first quarter of this year, all 56 transactions total investment was 790 million US dollars.n
nKPMG said that in addition to payment and borrowing, the block chain is expected to remain the most popular investment area in most parts of Asia.n
nChia said:n
nn”It seems that Singapore is now greatly driven, and gradually transformed into a leader in the world block chain industry, and in addition to the traditional banking and insurance industry, the country block chain use cases more and more, plans to trade in government, Land registration and tax function aspects of the test block chain technology.n
nnIn China, regulatory technology is also expected to attract more attention from investors, particularly in relation to anti-money laundering and digital identity management.n
nTaking into account the presence of a large number of bank services in Asia and the absence of bank accounts, concerns about financial Pratt u0026 Whitney-related solutions will also increase in the coming quarters.n

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