María Fernanda Martínez Sierra | “Investment portfolios usually contain positions of different risks, and today covering that part of high risk assets not correlated with the rest is a problem. That is why many investors access this market… many savers only contract bank deposits, because of their low risk, and then buy lottery. The strategies in investment portfolios are not so far removed from that analogy,” says Alberto Toribio’s, whose company was the first Spanish to be set up with crypto-currencies.
José Luis M. Campuzano (Spanish Banking Association) | Without doubt, banks can benefit in the medium and long-term from those companies which the term “fintech” encompasses. And competition in the short-term, particularly in the segments of payments and loans, is a small price to pay considering the synergies and the revitalising effect for the banks of being digitally closer to the client.
Citi | FinTech Remain Hot: According to the latest data published on 25th May by CB Insights and KPMG, there was a revival in FinTech investments in 1Q16 from a soft 4Q15. A total of 218 investments were made by VC-backed FinTech companies in 1Q16 raising $4.9bn in funding globally, almost doubling yoy and up 160% qoq. The trend for FinTech is noticeably more resilient than total VC funding for all sectors (-8% yoy). Total FinTech investments (including PE, hedge funds and corporate investments) were at $5.7bn, up 97% yoy and 84% qoq.