Accenture just released its latest fintech report. Some of the juicier findings include: fintech investments tripling in 2014, reaching a record $12.2b; Europe was the fastest growing geography when it came to venture investments in fintech; and 72% of senior banking executives believe their banks have a fragmented approach to dealing with technological innovation.
Global investment in financial-technology (fintech) ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a new report by Accenture ACN, -0.35% Last year, fintech investment increased at more than three times the rate of overall venture capital investment. While the United States still captures the lion’s share of fintech investment, Europe experienced the highest growth rate, with an increase of 215 percent to $1.48 billion in 2014. The United Kingdom and Ireland (UKI) accounted for more than two-fifths (42 percent) of the European total, as investment in the region rose from $264 million in 2013 to $623 million in 2014.