Payments draw $44.2 bln as AI reshapes fintech funding; insurtech investment falls to $3.7 bln: Report

AI Influences Fintech Funding Landscape; Insurtech Investments Decline

A recent KPMG report indicates that artificial intelligence is having a substantial impact on fintech funding, with a notable $44.2 billion directed toward the payments sector. In contrast, the insurtech segment is experiencing a downturn, securing only $3.7 billion in investment. The report outlines significant industry trends highlighting the evolving landscape.

Original Source: https://bfsi.economictimes.indiatimes.com/articles/payments-draw-44-2-bln-as-ai-reshapes-fintech-funding-insurtech-investment-falls-to-3-7-bln-report/133883698