PwC – FinTech’s Growing Influence on Financial Services Report

Posted on Posted in Report

PwC has just released their report on the fintech landscape: key trends, collaboration between incumbents and startups, and emerging technologies.

Some of the main findings include:

  • 88% of incumbents are increasingly concerned they are losing revenue to innovators
  • 77% of Financial Institutions will increase internal efforts to innovate
  • 82% expect to increase FinTech partnerships in the next three to five years
  • 30% of large Financial Institutions are investing in Artificial Intelligence
  • 77% expect to adopt blockchain as part of an in production system or process by 2020

Read the full report here