Investments in Asia-Pacific financial technology ventures, primarily in China, reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015, according to an Accenture analysis of CB Insights data.

Investments in Asia-Pacific have eclipsed North America, which as of July 31 garnered $4.58 billion in fintech investments; they also top Europe, which attracted $1.85 billion in the same period, according to a press release about the analysis.

However, deal volume remains higher in North America and Europe, as the Asia-Pacific increase is due to big investments in a few select fintech companies in China. There have been 192 deals in Asia-Pacific so far this year, as compared with 509 in North America and 230 in Europe.

The top 10 investments in Asia-Pacific fintech ventures occurred in China and Hong Kong, accounting for 90 percent of overall Asia-Pacific investments and valued at $8.75 billion. In total, China and Hong Kong fintech ventures have attracted $9 billion in investments so far in 2016.

"China's established companies, rather than nascent startups, are at the forefront of the fintech trend in the region," said Beat Monnerat, Accenture senior managing director of financial services for Asia-Pacific. "Fintech companies with major backers such as Alibaba and JD.com are focused on providing positive end-to-end customer experiences, which includes payments and lending. This is transforming China's financial services industry and is consistent with the global 'Fourth Industrial Revolution', which is bringing innovation from non-traditional competitors to the financial services industry.”

Ant Financial Services Group, the financial-services affiliate of e-commerce giant Alibaba Group Holding that operates China's online payments platform, Alipay, closed a $4.5 billion fundraising round in April. Ping An-backed Lufax, which has started using the name Lu.com, completed a $1.2 billion round of fundraising in January. Also that month, China's second largest e-commerce company, JD.com, raised $1 billion in new funding for its consumer finance subsidiary, JD Finance.