Over 70 per cent of Irish businesses expect revenue losses of up to 40 per cent over the coming years as a result of innovation in the financial technology (FinTech) sector.
A report from consultancy Price Waterhouse Cooper (PwC) shows that over three-quarters of Irish financial institutions expect to increase internal innovation efforts over the next three to five years. However, only 46 per cent admit they’re good at commercialising those ideas.
IT security concerns rate highly among financial services firms with 58 per cent saying they plan to invest in cybersecurity in the year ahead – 26 percentage points above the global figure.
The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.