Likelihood of banking sector disruptions caused by Fintech in the GCC 2016

This statistic shows the response of banking professionals on the likelihood of disruptions in the banking sector caused by financial technology (Fintech) in the Gulf Cooperation Council as of summer 2016. A 22 percent share of respondents statedthat was not very likely for Fintech to cause disruptions to the banking sector.

Do you think that the GCC banking sector will be disrupted by Fintech in some manner in the next 1–2 years?

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Source

Release date

December 2016

Region

MENA

Survey time period

Summer 2016

Number of respondents

72 participation banks; 47 conventional banks

Special properties

Banking executives and industry observers

Supplementary notes

The methodology of the survey can be found on page 65 of the report.

FinTech: financial technology; an industry that primarily uses new technology and innovation to compete in the marketplace.

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