FinTech, the Game Changer, the World Changer

18 February 2015 | Tech In Asia

In a span of 5 years, global investment in FinTech ventures tripled from US$928 million to US$2.97 billion between 2008 and 2013. This figure is projected to reach US$6 to 8 billion by 2018.

Whilst the 2008 financial crisis stifled banks' innovation by causing them to channel valuable resources into new policies to satisfy regulators, smaller, less regulated companies emerged from the shadows of the crisis and created a new wave in the financial industry. The rise of these small companies allowed a larger proportion of the public to gain access financial instruments through digital means, thereby increasing the reach of the industry.

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