Proof Point
Data analytics and mobile top planned technology investment areas of financial institutions, followed by AI, cybersecurity and process automation
Top Technological Investment Areas of Financial Institutions
2017 (percentage)
| Note: | Data from PwC’s 2017 Global Fintech Survey of 1,308 participants involved in strategy and innovation from 71 countries across six regions |
Proof Point Findings
- FinTech – Use of digital technologies and innovation to support, enable or provide alternatives to traditional banking and financial services, such as mobile wallet, contactless NFC technology, and cryptocurrency
- Relevant Technologies – Data analytics (74%) and mobile (51%) top list of relevant technologies financial institutions plan to invest in by end of 2017
- Emerging Technologies – Incumbents also focusing on new technologies, such as artificial intelligence (34%), biometrics and identity management (21%), and blockchain (20%)
- Key Growth Drivers – Include growing adoption of digital banking technologies, intensifying competitive environment, evolving consumer needs and demands, and rising consumer preference for faster, easier, and more convenient digital transactions
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Market Disruption |
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Sector |
Financial Services
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Source |
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Date Last Updated |
August 21, 2017
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