{"id":4517,"date":"2018-06-12T08:35:40","date_gmt":"2018-06-12T08:35:40","guid":{"rendered":"https:\/\/www.fintechnews.org\/_\/?p=4517"},"modified":"2019-08-15T22:23:24","modified_gmt":"2019-08-15T22:23:24","slug":"81-financial-institutions","status":"publish","type":"post","link":"https:\/\/www.fintechnews.org\/_\/81-financial-institutions\/","title":{"rendered":"81% OF FINANCIAL INSTITUTIONS TO PARTNER WITH FINTECH: SURVEY"},"content":{"rendered":"

 <\/p>\n

Partnering, particularly with startups, is driving fintech<\/a> activity, finds\u00a0a KPMG survey<\/a>\u00a0of global financial institutions.<\/p>\n

Overall, 61% of respondents say their institutions have taken a partnering approach to fintech in the past, and 81% say their institutions are currently partnering with startups or plan to in the next 12 months.<\/p>\n

A similarly high percentage \u2013 78% \u2013 say their institutions are, or will be, partnering with other large non-financial institutions.<\/p>\n

\u201cThis approach is being driven by [\u2026] the need to get to a dominant scale position quickly in particular segments,\u201d says\u00a0Ian Pollari<\/span>, global co-leader of fintech, KPMG International, in a release.<\/p>\n

At the same time, half of respondents say they\u2019ll employ a build strategy \u2014 reflecting the plans of many banks and other institutions to build and launch their own fintech services.<\/p>\n

THE FUTURE OF WORK<\/h2>\n

Tech is also changing how Canadians work.<\/p>\n

A\u00a0report<\/a>\u00a0by Deloitte Canada and the Human Resources Professional Association (HRPA)\u00a0says that, over the next decade, work will be shaped by the intelligence revolution, which is based on \u201cmachine learning, virtually free data storage and communication, and ever-increasing computational power that rivals some human capabilities.\u201d<\/p>\n

This revolution will change what a job means and how it\u2019s done, and will also require policy changes by organizations and governments, says the report.<\/p>\n

 <\/p>\n

The report describes eight job archetypes of the future, which illustrate what kinds of work Canadians will perform and what kinds of competencies they\u2019ll need.<\/p>\n

For example, the influencer\u00a0type is described as demonstrating\u00a0leadership to drive innovation and inspire others.<\/p>\n

For this archetype, the report lists current jobs with a lower risk of automation, one of which is \u201cleader in fintech<\/a>.\u201d<\/p>\n

Read\u00a0the full Deloitte and HRPA report<\/a>.<\/p>\n

Download\u00a0the full KPMG survey<\/a>.<\/p>\n

About the survey:<\/strong>\u00a0KPMG conducted a survey, in spring 2017, of executives from more than 160 financial institutions from 36 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

  Partnering, particularly with startups, is driving fintech activity, finds\u00a0a KPMG survey\u00a0of global financial institutions. Overall, 61% of respondents say their institutions have taken a partnering approach to fintech in the past, and 81% say their institutions are currently partnering with startups or plan to in the next 12 months. A similarly high percentage \u2013 […]<\/p>\n","protected":false},"author":1,"featured_media":9837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[563,2,20,24],"tags":[],"class_list":["post-4517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-machine-learning","category-fintech","category-artificial-intelligence","category-hrtech"],"yoast_head":"\n81% OF FINANCIAL INSTITUTIONS TO PARTNER WITH FINTECH:<\/title>\n<meta name=\"description\" content=\"A similarly high percentage \u2013 78% \u2013 say their institutions are, or will be, partnering with other large non-financial institutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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