What does FinTech mean for financial services organisations: innovation, disruption, opportunity - or all of them?
FinTech is a dynamic segment of the Financial Services sector that is gaining significant momentum and causing disruption to the traditional financial services value chain. New Fintech companies are redefining the competitive landscape and blurring the lines within the Financial Services Sector.
Malta aims to establish the foundations to enable FinTech start-ups, technology firms and established financial services providers to develop viable FinTech solutions which drive innovation and enhance access to financial products, increase competition, deliver better customer experiences, and ultimately, contribute to the long-term success of the Maltese financial services sector.
As part of its FinTech strategy, the Malta Financial Services Authority (MFSA) has identified six strategic pillars to help the financial services industry make the most of new technologies. The proposed pillars are: regulations, ecosystem, architecture, international links, knowledge and security.
We work with various financial services entities and bodies to assist with the implementation of FinTech innovation, from strategy through execution, and help FinTech start-ups accelerate and scale their businesses to reach their full potential.
With technologies come many new services, but also many new challenges. We approach these changes through our BXT methodology - Business, eXperience and Technology.
It represents the three components necessary for solving the business challenges of today. Digital is a whole-of-business concern and it’s essential that all perspectives are considered to ensure your business will be successful and ready to face the transformation challenges.
Business: Reassessing business strategy, operating models, capabilities and process.
Experience: Optimising the customer experience.
Assurance Partner, PwC Malta
Tel: +356 2564 7191
Advisory Partner, PwC Malta
Tel: +356 2564 7091
Tax, PwC Malta
Tel: +356 2564 2427
Senior Manager - Tax, PwC Malta
Tel: +356 2564 2343