Turning risk into opportunity
12 May 2016
The PWC "2016 New Zealand Financial Services CEO Survey" examines the trends that are shaping the sector and how CEOs are responding.
As well as considering the growing importance of innovation, the report then dives into the Banking and Insurance sectors to better understand the pace of technological change and customer demands these sectors are facing.
This report was based on the views of 490 Financial Services CEOs from New Zealand and around the world who participated in PwC’s 19th Annual Global CEO Survey and considers how their responses might translate into a local setting.
The Financial Services sector is going through a period of remarkable change, driven by new technologies and the emergence of FinTech companies challenging traditional enterprises.
Released today, PwC's report explores how the Financial Services sector is responding to these changes and developing strategies to address this significant disruption.
Key findings include:
• 63 per cent see more threats to their growth now than three years ago
• 70 per cent are concerned with the pace of change
• almost four out of five (79 per cent) Insurance CEOs are investing in data and analytics
• 80 per cent of Banking and Capital Markets respondents see CRM systems offering the greatest return on investment.
If you would like to read the report in more detail, please click here.