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Perception of banks on Fintech firms in the GCC 2016

This statistic shows the perception of banks on financial technology (Fintech) firms in the Gulf Cooperation Council in 2016. A 22 percent share of respondents from the banking sector stated that they consider financial technology firms as competitors.

How are you likely to view Fintech firms targeting your business through innovative propositions?

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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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