FinTech is changing the Financial Services (FS) industry from the outside in. 73% of traditional FS organisations in Singapore believe that part of their business is at risk of being lost to standalone FinTech companies. In this new competitive landscape and playing field, the lines between traditional finance, technology firms, e-commerce and telecom companies are blurring. Many innovative solutions are emerging, yet there is no straightforward solution to navigate this FinTech world.
The "Blurred Lines: How FinTech is shaping Financial Services" report assesses the rise of new technologies in the FS sector, the potential impact of FinTech on market players and their attitude regarding the latest technological developments, through the responses of almost 550 senior FS and FinTech executives.
Learn more about the survey findings in our full report, and find local insights in our Singapore country-highlights.
Disruption of the FS industry is happening in Singapore and FinTech is the driver. 73% of the financial institutions here believe they are at risk of losing business to FinTech companies. How ready are they to leverage the FinTech ecosystem?
Digital Business and Risk Assurance Leader, PwC Singapore
Tel: +65 9848 6025