Fintech Continues Its Rise In Europe And Worldwide

The quality, and perhaps the maturity, of the fintechs competing in the Fintech Awards Luxembourg 2018 has us convinced: these companies are slowly, but deeply, recoding the norms of the financial sector. And the new Pulse of Fintech, a biannual report highlighting activities and trends in fintech, supports this conclusion with numbers.

2018 at a glance

According to the report, two large deals in particular have sparked the fintech market in 2018: Ant Financial raising $14 billion and WorldPay's acquisition for $12.9 billion.

In the first six months of 2018, global investment in fintech companies hit $57.9 billion across 875 deals.

Our colleagues, the fintech experts who compiled the report, arrived to three big conclusions:

Investments in blockchain aren't just on exploratory, experimental levels anymore—the cash has gotten serious. Investments are largely focused on experienced companies or consortia instead of new entrants. The hottest area in fintech seems currently to be artificial intelligence and data analytics. Insurtech is growing, with a focus on embedded offerings. Alliances and partnerships litter the insurance industry as everyone is chasing the best customer experience—take AXA connecting its customers to ING's value chain, for example. The fintech market globally continues to broaden and diversify. Geographically, we are seeing more activity and bigger deals in less traditional markets like Brazil, Japan, and South Korea. We are also seeing a mix of fintech sectors drawing increasing interest, including data, AI, regtech and insurtech — and combinations thereof that provide more value to customers. This diversification across countries and products will likely keep the fintech market strong for the foreseeable future.

—Ian Pollari, Global Co-Leader of Fintech, KPMG International

The European fintech market

Europe remains a strong force in fintech...

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