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Showing posts with the label Real Estate the KPMG Fintech UK Dominate #fintech100 100 list

Hot Property, Insurance , Real Estate the KPMG Fintech UK make top 10 #fintech100 100 list

Chinese online property insurer ZhongAn has topped a list of financial technology (fintech) innovation companies, leading a strong showing by Chinese firms this year amid increased funding and interest in the sector there. The Fintech 100 list, was published on Monday [14/12/15]  under a collaboration between investment firm H2 Ventures and KPMG , was still dominated by U.S. companies, with 40 percent of the firms based in the Americas. But there were seven Chinese firms in the list of 100, compared to just one a year earlier. Fintech companies are shaking up banking and other industries by allowing savers and borrowers to bypass traditional lenders with smartphone apps and websites for loans, payments and all areas of financial services. ZhongAn was founded in 2013 in Shanghai and is a joint 11venture between major firms Alibaba Group , Tencent Holdings  and Ping An Insurance . Beijing-based electronics retailer Qufengi  [alibaba affilate], which allows flexib...