2016 news releases

Financial Services firms fear almost a quarter of their business is at risk from FinTechs

Results from a PwC survey released today, Blurred Lines: How FinTech is shaping Financial Services, which assesses the rise of new technologies in the financial services (FS) sector and their impact on market players, reveals 83% of respondents from traditional FS firms believe part of their business is at risk of being lost to standalone FinTech companies, reaching a staggering 95% in the case of banks.

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