Global Financial Institutions Still Unprepared For Fintech

Global Financial Institutions Still Unprepared For Fintech

A new report from KPMG has found that only 46% of financial institutions around the world have a strategy in place to benefit from the ongoing advances in financial technologies. This is despite the fact that fintech is identified by 57% of institutions as the greatest source of disruption. The lack of strategy varies widely between sectors within the financial world. 64% of asset management companies are reported to have fintech strategies in place, followed by 50% of banks and only 43% of insurance businesses. The new report, Forging the future: Embracing fintech to evolve and grow surveyed 160 […]