European banks are placing strategic bets in areas ranging from wealth management, lending, payments, regulatory technology, software, and blockchain, according to CB Insights.
The research company analysed the private market fintech investment activity of the top European banks (including the investments made by the banks’ venture arms), by assets under management, from 2012-2017 year-to-date.
In Q1 2017, European VC-backed fintech companies received 73 investments worth $667 million. According to CB Insights, at the current pace, total funding dollars to fintech companies based in Europe are on pace to surpass $2.6 billion and deals could surpass those of 2016 by 57%.
