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Financial institutions must respond faster to innovation
The convergence of financial services and technology industries has created an age of uncertainty like never seen before, with innovations such as peer-to-peer payment technology and blockchain consistently disrupting infrastructure, operations and business models.
While these innovations drive more customer-focused solutions at lower costs, they are also putting unprecedented pressure on financial institutions to become more responsive and agile. In a recent PwC survey of the banking industry, 29% of respondents cited “research, development and innovation” as investment priorities, and many institutions are already launching initiatives or dedicated labs to drive innovation. But in a market changing at such extraordinary speed, one off initiatives and siloed projects aren’t enough.
View PwC's findings from a comprehensive global survey of over 1300 senior financial services and FinTech executives.
PwC can help you leverage disruption
PwC leverages the power of FinTech to help companies achieve sustained advantage. Our approach converts the disruptive power of new technologies and partnerships into more efficient, innovative and agile operations.
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