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from Our Global Survey on the State of Financial Technology
While the fintech sector continues to grow steadily, the results of our global survey suggest that much disruption is still to come. From data and analytics to cybersecurity and evolving regulatory frameworks, there are significant opportunities and challenges for both investors and innovators around the world as the digital transformation of financial markets continues to accelerate.
Top Five Highlights
highlighting the importance of analytical information about
financial performance trends and developments.
More than half (54%) of respondents rank data and analytics as their top priority for adoption of financial technology,
Data and Analytics
At the same time,
nearly half of the respondents (47%) ranked cybersecurity as the largest threat to fintech’s adoption,
indicating that although fintech offers a compelling alternative to conventional financial solutions, it does present a new set of challenges.
Existence and understanding of clear regulatory and legal frameworks
are key drivers (22%) for enabling fintech innovation.
of respondents (28%) each
rank private equity and venture capital, and banks and asset managers as the top drivers of capital investment into fintech
over the next three years.
Capital from institutional funds
and big banks is critical to enabling innovation in fintech startups.
While 39% of respondents indicate that adoption of fintech is a high priority for their companies,
a third of the companies (29%) are reinvesting only 10% or less of their profits into fintech development,
pointing to a gap between awareness
and actual resources dedicated to
Get in Touch
Goodwin’s inaugural Global Survey on the State of Financial Technology sheds light on some of the most pressing issues facing this vibrant sector at the intersection of capital and innovation.
While the top five highlights of the survey results featured here are compelling, there is much more to dig in to. We invite you to visit our website and download the full report. And let us know your thoughts
by reaching out to our Fintech practice chairs, Amber Dolman and
Goodwin’s Fintech practice advises more than 40% of the Forbes Fintech 50 companies. With nearly 200 lawyers around the world, the practice works with financial institutions, strategic investors and cutting-edge technology companies on transactional, regulatory and litigation matters.
Partner and Co-Chair, Fintech firstname.lastname@example.org
+1 617 570 1538
Partner and Co-Chair, Fintech
+1 650 752 3149
The data and findings in this report are based on a web survey that GlobalWebIndex, a market research SaaS company, conducted on behalf of Goodwin during the first quarter of 2020. The survey received responses from 726 decision makers working in the finance industry (accounting, banking, financial services/investment and insurance) across the United States and continental Europe.
This informational piece, which may be considered advertising under the ethical rules of certain jurisdictions, is provided on the understanding that it does not constitute the rendering of legal advice or other professional advice by Goodwin Procter or its lawyers. Prior results do not guarantee a similar outcome. Goodwin Procter is an international legal practice carried on by Goodwin Procter LLP and its affiliated entities. For further information about our offices and the regulatory regimes that apply to them, please refer to goodwinlaw.com/Legal-Notices. © 2020 Goodwin Procter. All rights reserved.
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