FinTech Investment in Australia Increased in 2016; Slumps Around the World

FinTech Investment in Australia Increased in 2016; Slumps Around the World

Analysis has found that investment in Australia’s FinTech startups rose last year compared to the rest of the world. In a report from KPMG, The Pulse of FinTech Q4 2016 [PDF], it found that total FinTech investment in Australia increased to $US656 million across 25 deals in 2016 compared to $US185 million across 23 deals in 2015. It appears that authorities are beginning to realize the potential that FinTech can play in helping financial inclusion. So much so, that they are recognizing that improving the efficiency of banking services can systematically boost the performance of the....


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