A recent report from PwC has joined the list of publications concluding that the potential of financial technology is a threat to established businesses. ‘Redrawing the lines: FinTech’s growing influence on financial services’ studied the opinions and insights from Indian firms on the impact of FinTech in their industry. This was in line with global research conducted by PwC earlier this year on the same topic.
With the rise of new technology and the impact it is having across industries, one topic that is often raised is that of regulation. This is a particularly hot issue for FinTech as the sector is much more developed than any other utilising these innovative developments; however, the situation here can be applied to the likely future situations in other sectors. Various reports have highlighted the rapid ingress that FinTech companies have made, but how to treat them is still up for debate.
PwC LLP. published a report recently on the impact of FinTech on financial services organisations in terms of innovation, disruption and opportunity. ‘Redrawing the lines: FinTech’s growing influence on Financial Services’ surveyed 1,308 financial executives to investigate their opinions on the technology and what they planned to do about it.
Last week, Roland Alston wrote a blog post for Business Process Incubator on digital transformation. In this, he stated that the key to success, to standing out from the competition, comes from putting the emphasis on the execution of a process, rather than simply the outcome.
GamCrowd talks to Jonathan Baha’i, president of the Peerplays Blockchain Standards Association, and Michael Maloney, director of intelligence, about how they believe Peerplays is set to disrupt the betting sector.