Nicola Daniel, Executive Director, CFA Society Baltimore
Fintech — or financial technology — is the latest disruptive innovation taking aim at the huge institutions that deliver financial services to individuals and businesses today. According to consulting firm KPMG, close to $13 billion was invested in U.S.-based fintech companies in 2016. Globally, venture capital-backed fintech companies raised $5.2 billion in the second quarter of 2017, a number that will surpass last year’s global record if sustained through the end of the year.