Portuguese bank BNI Europa has agreed to lend £45 million ($57.87 million) over MarketInvoice, a UK peer-to-peer lender for small businesses.
Accounting giant KPMG has acquired Hong Kong-based fintech Matchi, signaling the growing importance of fintech to professional service firms.
UK firms such as Funding Circle and LendInvest as well challenger banks have been among the fastest growing fintech firms.
China’s Ping An Insurance, the world’s largest insurance group, has launched its first overseas fund, aimed at investing in fintech.
Kreditech, the German consumer finance firm, has raised €110m from PayU – a leading payments provider in 16 high growth markets globally.
The world’s largest asset manager is increasingly bullish on fintech if its recent behaviour is anything to go by.
A new report by S&P Global Market Intelligence estimates that as of the end of 2016, nine key digital lenders in the U.K. had originated £6.69 billion in loans since their respective inceptions.
Deutsche Bank AG has acquired a 12.5 per cent equity stake in receivables auction platform TrustBills.
Chinese consumers sent about $3 trillion in payments through Alibaba and WeChat payment services in 2016.
Former Barclays CEO Antony Jenkins believes the global financial system is beginning to undergo the "Uber moments" he predicted in the sector a year and a half ago.