GlobalData reports: global financial transactions fell 26%, international banks downsizing

nnnA recent report from GlobalData shows that global financial transactions are declining this year and international banks are shrinking. The report argues that this phenomenon is largely attributable to the instability of the global political situation, but it also makes the digital money industry more attention and growing. Although the report did not make a clear assessment of the block chain, but certainly the financial and technological leadership in the future.n
nnTranslated by: Inan
nAccording to GlobalData’s survey, global financial transactions fell 26% this year as digital money investment continued to rise.n
nTransactions throughout the financial services sector fell from 587 in the fourth quarter of 2016 to 561 in the first quarter of 2017, while private equity fell by 26%.n
nSimilar to the current situation of the chain chain venture, venture capital is the only growing industry, unlike the overall trend of financial transactions, its successful transactions increased by 23%.n
nAs international mergers and acquisitions in the Asia-Pacific region are strong, GlobalData senior analyst Ravi Sharma commented in a press release: “International banks are shrinking to provide opportunities for local banks to expand their presence and size in other markets in the region.”n
nThe company believes that geopolitical events around the world are the main cause of the sluggishness of the financial sector.n
nThis “instability” has had the opposite effect on the digital currency, and Snapchat investor Jeremy Liew reiterated his confidence in this trend this week, saying investors should focus on bitter currency today.n
nFrontier of financial science and technologyn
nThe press release also pointed out that “the changing political and economic situation, including the British Europe, the US elections and China’s economic slowdown, have brought a global sense of turmoil.”n
nAlthough there is no explicit mention of the block chain, but Sharma believes that the future will focus on financial technology.n
nHe concluded:n
nn”Financial technology will continue to be at the forefront of trading activities, and more and more financial institutions are investing in these companies or building partnerships to improve their business.”n

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