Intelligence

Financial institutions risk 24 percent revenue loss from fintech: PwC

Large financial institutions across the world could lose 24 percent of their revenues to financial technology companies over the next three to five years, according to a new study by PricewaterhouseCoopers.

Of the more than 1300 financial industry executives polled by the professional services firm, 88 percent said they feared their business was at risk to standalone financial technology companies in areas such as payments, money transfers and personal finance, the study found.

Source: Reuters

More: http://www.reuters.com/article/us-fintech-outlook-idUSKBN177312

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