Writing Resources
Detailed future can be unknown however there are certain predictions about Fintech and main financial sectors According to PwC Global FinTech Report 2017 personal loans and personal financial most likely to shift towards FinTech companies On another hand it is a great opportunity for banks to expand their services and improve delivery channels Most of the banks formed two groups 54 of banks are ready to be partners with FinTech and 40 of banks are considering buying FinTech companies Most probably the banking sector will continue to explore new technologies Moreover they will evaluate potential growth with FinTech companies and focus on transforming existing strategy The second industry which will be influenced by FinTech is Insurance sector According to PwC survey around 58 of insurance companies are observing FinTech companies in order to be competitive enough However a great number of companies are planning to collaborate with FinTech firms consequently the number of partnerships will increase by 84 over five years The most influenced sector will be transactional and payment services
