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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
Financial institutions (FIs) in Singapore are feeling the heat from the rise of fintech firms, a survey by PwC has found.
PHOTO: REUTERS
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
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