Top Five Asian Banks in FinTech Investments Over the Past Three Years

https://gomedici.com/top-five-asian-banks-in-fintech-investments-over-the-past-three-years
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Bank-FinTech collaborations have introduced technologies and highly efficient processes to banking operations. Such collaborations, which have increased over the years, have benefited both banks and FinTechs. Traditional financial institutions (banks) work with FinTech startups to integrate technologies for customers, eliminating the need to build solutions from scratch. This is also a key reason why banks choose to invest in FinTechs. 

Continuing with our series on FinTech investments by banks, in this article, we’ll cover Asia—the fastest emerging market. We have analyzed prominent banks actively investing in the FinTech ecosystem. FinTech startups in Asia have received $47.4 billion in investments since 2018. In 2020, FinTech startups received $8.0 billion through 552 deals, while in 2019 and 2018, they received $9.4 billion and $30.0 billion through 497 and 438 deals, respectively. 

This article focuses on the top five banks—SBI Group, HSBC, MUFG, Nomura, and SMBC—that have been investing in FinTech startups for the past three years.

https://gomedici.com/top-five-asian-banks-in-fintech-investments-over-the-past-three-years