According to a survey conducted in the fourth quarter of 2020 in China, 28 percent of respondents believed a major technological breakthrough will happen in Big Data analytics within the next three years. Meanwhile, 23 percent of respondents stated that large advancements are going to be achieved in the Artificial Intelligence (AI) field.
Main areas of technological breakthrough in FinTech in the next three years in 4th quarter of 2020, by technology
Characteristic
Share of respondents
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among traditional financial institutions and FinTech companies
Method of interview
Questionnaire
Supplementary notes
Original question: What are the main areas of technological breakthrough in FinTech in the next 3 years?
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). Main areas of technological breakthrough in FinTech in the next three years in 4th quarter of 2020, by technology [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1262538/china-major-progress-in-fintech-areas-by-technology/
PwC. "Main areas of technological breakthrough in FinTech in the next three years in 4th quarter of 2020, by technology." Chart. March 31, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1262538/china-major-progress-in-fintech-areas-by-technology/
PwC. (2021). Main areas of technological breakthrough in FinTech in the next three years in 4th quarter of 2020, by technology. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1262538/china-major-progress-in-fintech-areas-by-technology/
PwC. "Main Areas of Technological Breakthrough in Fintech in The next Three Years in 4th Quarter of 2020, by Technology." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/1262538/china-major-progress-in-fintech-areas-by-technology/
PwC, Main areas of technological breakthrough in FinTech in the next three years in 4th quarter of 2020, by technology Statista, https://www.statista.com/statistics/1262538/china-major-progress-in-fintech-areas-by-technology/ (last visited August 25, 2024)
Main areas of technological breakthrough in FinTech in the next three years in 4th quarter of 2020, by technology [Graph], PwC, March 31, 2021. [Online]. Available: https://www.statista.com/statistics/1262538/china-major-progress-in-fintech-areas-by-technology/