FUNDING for artificial intelligence (AI) technologies in Singapore’s fintech sector surged 77 per cent in the second half of 2023, despite a global decline in fintech investments amid economic uncertainties. H2’s AI fintech funding in the Republic rose to US$333.1 million, compared with US$148.1 million in H1. This brought the full-year investment total to US$481.2 million across 24 deals in the sector, based on KPMG’s Pulse of Fintech report released on Tuesday (Feb 6). Despite a robust funding performance in AI fintech sector, Singapore still felt the deepening chills of a funding winter in 2023. Its total fintech investment in the second half year dropped 64 per cent to US$747 million across 87 deals, as compared to US$1.5 billion across 102 deals in the first half. For the full year, Singapore’s fintech sector registered a 68 per cent decline in total funding at US$2.2 billion, with deal activities halving to 189, coinciding with a global downturn.   https://www.businesstimes.com.sg/startups-tech/startups/singapore-ai-fintech-investment-surges-h2-despite-global-funding-winter-kpmg (ICE SINGAPORE)

Fonte notizia: The Business Times, 6 February 2024