News Snapshot:
Fintech investment in the Asia-Pacific region reached an annual record high of $41.8 billion with 607 deals in the first half of the year, a report showed on Wednesday. The region saw a diversity of jurisdictions attract good-sized deals, according to the KPMG in India report. In the Asia-Pacific region, a number of fintech subsectors that attracted substantial interest and hype over the past 12 to 24 months cooled off considerably in the reported period, including retail payments, insurtech, and B2C solutions. Crypto, NFTs and blockchain also came off the investment burner. “Regulators are continuing to focus on making industry...
