How the asset management industry is being transformed by fintech

31.10.2016 | 60% of asset and wealth managers fear losing part of their business to fintech companies, according to PwC’s 2016 Global Fintech Survey. The reality of this fear is being hotly debated in the traditional financial sector currently, as many banking professionals also feel threatened by new automated services that could in turn, put their jobs at risk. However, according to the PwC report, 17% of incumbents underestimate the success new entrants have already had and do not believe that they pose any threat.

Source: bobs guide