The Banking, Financial Services, and Insurance (BFSI) sector is facing a number of challenges in the digital age. With the rapid pace of technological change and shifting customer demands, traditional financial institutions are struggling to keep up and adapt. This has opened the door for new entrants in the form of fintech startups and other innovative players, who are challenging established business models and transforming the way we manage our finances.
In this report, we examine 5 digital trends that are poised to shake up the future of the BFSI sector, and the problematic challenges they pose for businesses and consumers alike. From the rise of digital currencies and the growth of open banking, to the challenges posed by data privacy and security, this report provides a comprehensive overview of the trends shaping the future of finance and the implications they have for the industry.
This topline report by Digimind collected more than 13 million social and online conversations in APAC related to BFSI in 2022 to provide you with a current snapshot of the consumer landscape.