The prediction formed part of a new report that projects FinTech investments in the Asia-Pacific region will "quadruple" in 2015, rising to $3.5bn this year, up from $880m in 2014.
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Asia-Pacific (APAC) banks, credit card firms and startups can be expected to increasingly focus on blockchain technology in the coming years, according to a new report by Accenture. The management consulting services firm, which has recently been assertive in voicing its opinions on the emerging technology, stated that this trend would coincide with the need for FinTech firms to streamline operations and comply with regulations.
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