India Witness Boom in Bitcoin And Fintech Investments
Over 180 Fintech startups were analyzed to create this report, most of whom seem to focus on the payment sector in general. Fintech is a booming industry all over the world, and those signs are becoming apparent in India as well. With most of the startups in the region focusing on payments, and over US$1.3bn invested over the past three years, things are looking good. A recent study by Zinnov, a leading management consulting firm, shows the Fintech situation in India is well worth keeping an eye on. The majority of funding has been raised in the past three years, and the industry attracted....
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A port city and industrial center in the Indian state of Andhra Pradesh, on the Bay of Bengal, is witnessing a major push for it to become India’s FinTech hub. In a report from The Hindu, digital banking, data analytics, blockchain and cybersecurity investments are being launched to make the Indian city of Visakhapatnam an attractive location for businesses. According to J.A. Chowdary, Special Chief Secretary to the Chief Minister and IT Advisor, the idea is to establish a world-class technology ecosystem with a focus on bringing startups in Visakhapatnam, so that it will become the....
A new report says that U.S. banks and corporations have outpaced every other country in global investments in FinTech over the past few years. Investments in the country have nearly tripled, supporting startups through the launch of competitions, accelerators and incubators, helping new businesses to seek potential partners and investments. According to the report released by Accenture and entitled “The Future of Fintech and Banking,” global investments in FinTech tripled to US$12.21 billion in 2014, as investments in financial technologies like Bitcoin and online lending platforms grew by....
A UK envoy that includes politicians, central bank officials, and prominent FinTech executives are in India to discuss trade relations that will deepen industry ties between the two nations as the UK prepares for the separation from the European Union. A UK-delegation led Chancellor Philip Hammond that includes Her Majesty’s Treasury FinTech envoy Eileen Burbidge and Bank of England governor Mark Carney along with a number of leaders from banking and financial technology firms are currently in India as a part of a two-day visit as a part of the 9th UK-India Economic and Financial Dialogue....
In 2021, investments in Singapore’s fintech sector increased by 47% year on year to $3.94 billion. Nearly half of the funds were raised through blockchain and cryptocurrency, with $1.48 billion raised across 82 agreements. Crypto Investments Trump Others In Singapore According to the KPMG Pulse of FinTech H2’21, the country’s transaction value for fintech deals […]
Not one to remain behind in the FinTech race, Australia is increasing its investments in FinTech in a bid to boost its financial management systems and to improve its status as a leading country in financial technology, according to research from East & Partners, an Australian-based market research firm. The research found that Australian corporate treasurers are planning on increasing their spending on FinTech by around 12.2 percent. It added that 17.6 percent of treasurers had already invested in the sector while an additional 24.2 percent were exploring the possibility of investing.....