White paper: The global fintech landscape – challenges, collaboration, and cloud
The Covid-19 pandemic brought about significant challenges and disruption for many organisations. But for the fintech sector, it also sparked dramatic growth owing to changes in consumer banking and spending habits, as well as an increase in digitalisation among traditional financial services institutions.
Yet, while the industry is going from strength to strength, these fintech organisations still tend to face challenges.
Research from InterSystems found that:
- 81% of fintechs identify data issues as their biggest technical challenge
- Of this figure, 41% struggle to leverage data for analytics, AI and ML
- And 40% are unable to connect to customers’ applications and data or legacy systems.
Brought to you by InterSystems