Financial technology is breaking new ground when it comes to venture capital investment in Q1 of 2016 according to Bloomberg, KPMG International, and CB Insights. Throughout 218 deals made within the fintech sector, firms have raised $4.9 billion USD in the first four months of the year. This figure is double the funding in contrast to Q1 of 2015 and covers a broad range of technologies that range from wealth management, insurance, P2P lending, robo advisors, mobile payments, blockchain tech, and more.
Distributed Ledgers and Robo Advisors Taking Third Parties Out of the Equation
Financial Technology otherwise known as Fintech is the mixture of financial services and innovative technologies designed to be more efficient. Legacy institutions and startups across the globe are using software to disintermediate traditional financial systems. These services and concepts provide customers with a frictionless environment to their everyday monetary and asset management. New innovations such as Bitcoin and its underlying blockchain technology have been a big part of this evolution in finance. Technologies that don’t need human interaction any more such as robo advisors