Capital markets fintech ventures attracted less than half as much equity funding last year as they did in 2015 and 2016, according to a study from the Boston Consulting Group.
The consultancy’s latest annual report found that $570m was invested in capital markets fintech companies last year, compared with $1.18bn in 2015 and $1.19bn in 2016.
The decline comes even as investment banks and exchanges are still exploring ways to harness broad technology changes such as artificial intelligence and automation.
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