According to a survey conducted in the fourth quarter of 2020 in China, 19 percent of respondents regarded Big Data as a major FinTech technology worth investing in. Meanwhile, Artificial Intelligence (AI) was seen as another main technology in that finance institutions were planning to invest over the next month, with 12 percent of respondents agreeing.
Traditional financial institutions' technology investments in China in 4th quarter of 2020, by FinTech
among traditional financial institutions and FinTech companies
Method of interview
Questionnaire
Supplementary notes
Original question: What technologies do traditional financial institutions plan to invest in over the next 12 months?
According to the source, the distribution of respondents is as follows: Commercial banks 33%, insurance companies 33%, greater asset management 18%, FHC 8%, FinTech companies 6%.
Among the 'greater asset management companies' are respondents from: sub-verticals of wealth management subsidiary of banks, insurance asset
management companies, securities firms, fund management companies and trusts.
Consumer finance companies, financial leasing companies, clearing institutions, financial business departments of large-scale enterprises etc. belonging to 'other institutions'.
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PwC. (March 31, 2021). Traditional financial institutions' technology investments in China in 4th quarter of 2020, by FinTech [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1262523/china-investments-in-fintech-from-financial-institutions-by-technology/
PwC. "Traditional financial institutions' technology investments in China in 4th quarter of 2020, by FinTech." Chart. March 31, 2021. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1262523/china-investments-in-fintech-from-financial-institutions-by-technology/
PwC. (2021). Traditional financial institutions' technology investments in China in 4th quarter of 2020, by FinTech. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1262523/china-investments-in-fintech-from-financial-institutions-by-technology/
PwC. "Traditional Financial Institutions' Technology Investments in China in 4th Quarter of 2020, by Fintech." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/1262523/china-investments-in-fintech-from-financial-institutions-by-technology/
PwC, Traditional financial institutions' technology investments in China in 4th quarter of 2020, by FinTech Statista, https://www.statista.com/statistics/1262523/china-investments-in-fintech-from-financial-institutions-by-technology/ (last visited November 24, 2024)
Traditional financial institutions' technology investments in China in 4th quarter of 2020, by FinTech [Graph], PwC, March 31, 2021. [Online]. Available: https://www.statista.com/statistics/1262523/china-investments-in-fintech-from-financial-institutions-by-technology/
