SUBSCRIBERS
Financial institutions fear losing revenue to fintechs: PwC survey
90 per cent of respondents expect to grow fintech tie-ups over the next three to five years
Add BT as a preferred source
Claudia Chong
Published Wed, Apr 5, 2017 · 09:50 PM
Singapore
FINANCIAL institutions (FIs) in Singapore are feeling the heat from the rise of fintech firms, a survey by PwC has found.
The poll, the findings of which were released on Thursday morning,found that 80 per cent of Singapore FIs are concerned about losing revenue to standalone fintech companies, up seven percentage points from last year.
Copyright SPH Media. All rights reserved.
