Although macroeconomic factors are having a dampening effect on venture capital investments across the fintech space, the amount of funding going to enterprise and business-focused startups has increased in recent months compared to consumer-centric counterparts, a recent Pitchbook report shows.
Since the failure of Silicon Valley Bank in mid-March, financial institutions have looked at investing more in risk management technology. Ronak Doshi, Partner at Everest Group, said in March that he expects banks to increase their annual spends on risk technology by 8% to 12% in the next year.
