news - Fintech Funding sets new Records as Asia assumes Investment Leadership

Two large deals, the $12.9 billion acquisition of WorldPay by Vantiv and the $14 billion fundraising by China's Ant Financial, has meant that overall investment in fintech during the first half of this year has already exceeded the whole of 2017, according to KPMG's Pulse of Fintech 2018 report. The authors say investors in the sector are becoming more diverse, now encompassing mid-tier banks as well as insurance and wealth management companies, and they believe new regulatory developments, including EU legislation designed to facilitate open banking, will lead to further investment in the fintech sector.

Source: KPMG