Executive Summary FinTechhas transformed our daily lives thanks to personalised access to robo-advisors, innovative mobile payment solutions, instant cross-border transactions and many other applications. The evolving trend of FinTech products and services empower consumers and small businesses in ways that were unimaginable in the past. The potential disruptive innovation FinTechs bring in turn attracts significant funding from investors seeking the next BIG thing. This report draws out parallels seen between general tech trends on a macro scale and correlates them to the impact on FinTech. One highlight shows how China and India are spearheading the advancements that are shaping global trends in this sector. The cumulative total of FinTech investments in China alone outweighs all FinTech investments made in the entirety of the rest of the Asia Pacific region. The East is now in a position to innovate and not just adopt ideas coming from the west. FinTech might already seem mature, given the vast amount of funding poured into it, the increasing number of FinTech startups and corporate innovations being engineered today. Such a claim may have seemed farfetched 5 years ago when the level of funding in the FinTech industry stood at a meagre US$3.1m! Fast-forward to 2017, and in the first quarter alone, US$1.8bn has already been injected into the sector globally. CH The future of FinTech remains bright, in spite of claims that the current upward trend is a bubble. The World Bank Group TE (WBG) estimates that 42% of the global population still do not have access to a formal financial system. This presents a huge N opportunity to be tackled by FinTechs that cannot be addressed by traditional Financial Institutions. There are still untapped or I F new emerging markets waiting to be discovered. Asia has the largest percentage of the under-banked population and a large F O growing middle class who will soon need new solutions to address their wealth management and banking needs. TE TA Together, Startupbootcampand PwC have put together this report to provide a holistic view of the FinTech industry, starting S E from its current state, discussing where FinTech is headed, and the technological advances and geographical context that will TH lead it there. 2