Leading opportunities of FinTech in the financial sector in Luxembourg 2016

This statistic shows the answers to a survey question on the opportunities of FinTech in the financial sector in Luxembourg in 2016. In 2016, approximately 49 percent of the senior executives in the Luxembourg financial and FinTech sector believed FinTech could improve customer rentention. n 2016, according to another PwC survey, approximately 25 percent of Luxembourg CEOs believed FinTech could improve customer retention.

In your opinion, what are the opportunities related to the rise of FinTech within your industry?

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Source

Release date

April 2016

Region

Luxembourg

Survey time period

2016

Number of respondents

36 respondents

Age group

18 years and older

Special properties

senior FS and FinTech executives in Luxembourg

Method of interview

Questionnaire

Supplementary notes

Fintech, or Financial Technology, is a collective term for businesses which try to reinvent financial services with a product or service built on technology. The term is usually applied to start-ups with activities in particular branches such as blockchain, robots and automated systems, mobile payments, money transfers, (micro)loans, fundraising, or asset management. Spanish bank Santander estimated in 2015 that blockchain technology, for example, could reduce banks' infrastructure costs by between 15 to 20 billion dollars per year.

The source does not provide information regarding multiple answering options.

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Statistics on "The financial sector in Luxembourg"

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