Ernst & Young has released its EY Global Banking Outlook 2017 report which provides insight on incumbent bank investments; says approximately 60% plan to invest in new technologies and reports that banks have the highest priority on customer facing technology; the survey report includes data from approximately 300 banks across Europe, the Americas, Africa and Asia-Pacific. Source
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Fintech
Southeast Asia reported 71 fintech deals in 2016, an increase of 29% from 2015; total deal value was down from $177 million at $158 million; angel and seed investments led for the year with 62% of total financings; in 2016, Singapore continued to be the region's most active fintech innovator with 52% of the year's total deals; the top three venture capital investors since 2012 are East Ventures, 500 Startups and Golden Gate Ventures. Source
