FinTech

Operating at the intersection between financial services and emerging technology

The financial services and technology industries converge in a way that impacts infrastructure and operations for existing and evolving business models. Examples include peer-to-peer payment technology and clearing and settlements solutions such as blockchain, which result in better, more customer-focused solutions at lower costs.

Financial institutions, like all other customer-centric businesses, must respond faster to innovation. In a recent PwC survey of the banking industry, 29% of respondents cited “research, development and innovation” as investment priorities. Many institutions have implemented initiatives or even launched dedicated labs to drive innovation. In our experience, however, such efforts alone may fail to deliver significant business results.

The rise of FinTech has created new opportunities for existing incumbents to leverage new technologies, partner with new market entrants and drive efficiencies.

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Blurred lines: How FinTech is shaping financial services

View PwC's findings from a comprehensive global survey of over 500 senior financial services and FinTech executives. The report is complemented by proprietary research from DeNovo, an online platform powered by PwC’s subject matter experts in financial services and technology.

 

How PwC can help

PwC offers a seamless end-to-end services portfolio to help financial incumbents to leverage FinTech trends and convert threats into opportunities:

  • DeNovo: Strategy consulting platform covering innovation activity across financial services with emerging technologies
  • Innovation Workshops: Workshops for C-level executives focused on priority innovation themes, strategy development, and alignment with the right emerging technology partners
  • Blockchain: Blockchain/smart contract strategic evaluations, risk assessment, organizational readiness, and managed deployments 
  • @Scale: Innovation marketplace of best-of-breed companies with targeted solutions for today’s financial incumbents

 

Insights

Contact us

Haskell Garfinkel
Partner, US FinTech Co-Leader
Tel: +1 (312) 404 3792
Email

Dean Nicolacakis
Principal, US FinTech Co-Leader
Tel: +1 (415) 498 7075
Email

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