Listen: Goldman Sachs, Emily Chang And Intelligence Analyst discussed on Bloomberg Daybreak: Europe
"Here's Emily Chang. In the first half of the year. The global fintech sector raised nearly forty two billion dollars. Surpassing 2017 annual record total and as investment banks, like Goldman Sachs into the ring with their own fintech. Acquisitions deals are on track to hit a record high, but will outlook be as Rosie in two thousand nine hundred CD. In fact, senior intelligence analyst Lindsay Davis has this money been put towards what kind of financial technologies twenty eighteen was a banner year for fintech globally. We saw record levels of funding as well as fourteen hundred investments across global fintech. We also saw brecca doubles mega around one hundred million dollar plus investments, go to a range of categories in digital banking payments as well as companies in emerging markets and in frontier market. What does this mean? For jobs. We spoke to the CEO well front earlier this week you talked about how AI. Completely disrupting the sector making decisions more quickly that humans can't. So does that mean there will be less human jobs in the financial sector in the future? That's difficult question. But we see this as opening up the market for opportunities. Not only for pin. Tech investments? They also for banks to create new opportunities for jobs, and it's really growing the market.."