UK’s Financial Technology Investment Drops by Over 50% in 2022
It is reported that the latest report of KPMG shows that the total investment in UK\’s financial technology fell by more than 50% in 2022, and the investment in…
It is reported that the latest report of KPMG shows that the total investment in UK’s financial technology fell by more than 50% in 2022, and the investment in UK’s financial technology fell from 39.1 billion US dollars in 2021 to 17.4 billion US dollars in 2022. In 2022, the total investment in global financial technology fell to $164.1 billion in 6006 transactions. Payment remains the strongest area of global financial technology investment, with an investment of $53.1 billion, compared with $57.1 billion in 2021. In contrast, the investment in cryptocurrency and blockchain has dropped from US $30 billion in 2021 to US $23.1 billion in 2022. The decline in the second half of 2022 was particularly significant because the review in this area increased significantly after the collapse of Terra (Luna) in May and the bankruptcy of FTX in November.
Global Fintech’s investment in cryptocurrency and blockchain will fall to 23.1 billion US dollars in 2022
Analysis based on this information:
The latest report from KPMG reveals a shocking drop of over 50% in the investment of UK’s financial technology in 2022. The total investment in UK’s financial technology fell from 39.1 billion US dollars in 2021 to 17.4 billion US dollars in 2022. This decline in investment in the UK is reflected globally, with the total investment in global financial technology falling to $164.1 billion in 6006 transactions in 2022.
Despite this drop in investment, payment remains the strongest area of global financial technology investment, with an investment of $53.1 billion, compared to $57.1 billion in 2021. The report also showed a sharp decrease in investment in cryptocurrency and blockchain, from $30 billion in 2021 to $23.1 billion in 2022.
KPMG’s report suggests that the decline in the investment of financial technology in the UK is partly due to the impact of the pandemic, but also due to the increasing competition in the industry. Many investors are looking for innovative and unique solutions, which the UK’s financial technology sector has failed to keep up with. Furthermore, the report also states that the regulatory environment in the UK is difficult to navigate, which has resulted in a lack of interest from investors.
The decline in investment in cryptocurrency and blockchain is a major factor in the overall drop in investment in financial technology. Cryptocurrency and blockchain are viewed by many as the future of finance, but the recent collapse of Terra (Luna) in May and the bankruptcy of FTX in November have made investors cautious of investing in this area.
In conclusion, the report from KPMG indicates significant changes in the investment landscape of financial technology in the UK and globally. The drop in investment in the UK is due to the COVID-19 pandemic and other factors, while payment still remains the strongest area of global investment. However, the decrease in investment in cryptocurrency and blockchain has influenced the overall decline in financial technology investment. The industry needs to adapt and innovate to keep up with the changing trends and investor demands.
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